HCL Tech to acquire US firm Urban Fulfilment Services for Rs 193 crore

HCL Technologies on Monday announced that it would buttress its capabilities in the BPO sector through the acquisition of US-based Urban Fulfilment Services in an all-cash deal for $30 million.

CHENNAI: HCL Technologies on Monday announced that it would buttress its capabilities in the BPO sector through the acquisition of US-based Urban Fulfilment Services in an all-cash deal for $30 million (Rs 193.43 crore).

As per the agreement, HCL will acquire a 100 per cent stake in the firm.

“The acquisition of Urban Fulfillment Services strengthens HCL’s capabilities in mortgage BPO services, loan fulfillment and debt servicing space,” said Anoop Tiwari, corporate vice-president and global head – Business Services, HCL Technologies.

“Combining UFS’ talent and client portfolio with HCL’s deep industry expertise and business acumen, offers us the opportunity to provide platform–based services on our own platform, driving transformation through robotics process automation,” he added.

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The New Indian Express
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