HCL buys DWS to expand IT business in Australia

HCL Technologies has agreed to acquire DWS, an IT, business and management consulting group in Australia, for an undisclosed sum.
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The acquisition of DWS will enhance HCL’s contribution to digital initiatives in Australia and New Zealand while strengthening its client portfolio across key industries.

DWS, with over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra, delivers business and technology innovation to large clients across a spectrum of verticals.

HCL has invested in the region for over 20 years and is committed to enabling digitilisation and growing the local ecosystem.

“We look forward to welcoming the DWS team to HCL and creating global learning and career opportunities for them,” said Michael Horton, executive vice president & country manager, Australia & New Zealand, HCL Technologies.

The DWS Group, with FY20 revenue at $167.9 million (Australian), provides a range of IT services including digital transformation, application development and support, programme and project management and consulting.

HCL currently employs 1,600 people in major Australian cities, including Canberra, Sydney, Melbourne, Brisbane, and Perth. HCL had revenue of $9.93 billion and an employee base of 150,287 as of June 30.