HCL Technologies Limited (NSEI:HCLTECH) signed an agreement to acquire Telco Solutions Business of Hewlett Packard Enterprise Company (NYSE:HPE) for approximately $160 million on December 18, 2025. A cash consideration of $160 million will be paid by HCL Technologies Limited, including earnout/contingent payment of $15 million cash, based upon FY25 performance.
As part of this agreement, nearly 1,500 engineering and telecom specialists from 39 countries will join HCLTech's global delivery team to help scale the business.
The acquisition is subject to regulatory approvals across countries, including approval from Committee on Foreign Investment in the United States and other customary closing conditions. The transaction is expected to close in approximately six months from signing.
Hewlett Packard Enterprise Company specializes in the development of IT solutions and services for businesses. Net sales break down by activity as follows:
- development and integration of technological solutions (87.5%): servers development and server management solutions, technology services, consulting, maintenance services, implementation of infrastructures and technical support), development of convergent data storage solutions and systems, sales of network systems and development of management and network security solutions;
- financial services (10.2%): mainly financing services for the digital transformation of businesses;
- other (2.3%).
Net sales are distributed geographically as follows: the United States (39.1%), Americas (7.1%), Europe/Middle East/Africa (33.6%), Japan and Asia/Pacific (20.2%).
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