Multi-billion-dollar conglomerate Hinduja Group has announced that one of its units, Hinduja Global Solutions (HGS), has acquired 100% stake in TekLink International for $58.8 million, subject to earnouts and other customary and agreed adjustments.
HGS is a leading provider of solutions in digital consumer experience (CX), business process management (BPM) and digital media services and has a total of 21,685 employees across 34 delivery centers in eight countries.
According to the Hinduja group, the strategic acquisition will help boost HGS’ digital solutions business by adding enhanced expertise in building data platforms, analytics and financial planning.
A full-service financial planning and analytics service provider, TekLink caters to over 60 clients across multiple industries, including consumer products, retail, pharmaceuticals, manufacturing & distribution, utilities, and high tech.
Headquartered in Ilinois, US, TekLink boasts a major presence in Europe and has delivery centers in Hyderabad and Indore in India. The company has strong credentials in the industry, with established partnerships with Microsoft, SAP, Anaplan.
It will also add complementary digital workforce bench strength, with 275 seasoned technology and implementation professionals joining HGS as part of the transaction.
HGS’ digital solutions business currently employs over 750 core technology and digital marketing experts, primarily across the US and India, who are transforming customer experiences (CX) for leading brands.-TradeArabia News Service
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