HCL Technologies $138 million acquisition of Volvo Group's external IT business

Overview:

• HCL Technologies has acquired Volvo Group's external IT business for $138 million.
• The acquired business includes IT infrastructure, mainframe services and application operation services.
• HCL has entered into a letter of intent with the Volvo Group for undertaking an outsourcing engagement for its IT infrastructure and operations services for five years. 

Katrin Kostadinova - Data analyst