HCLTech to acquire HPE's Telco Solutions business for up to $160 million
HCLTECH · price
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HCLTech agreed to acquire HPE's Telco Solutions business for up to $160 million all-cash (including $15M FY25 incentives). It is an asset carve-out, not a share purchase. About 1,500 specialists across 39 countries will transfer. TS supports 1 billion plus devices across 200 plus deployments, offering OSS, HSS and AI-led network automation for global telecom operators. This follows HCLTech's 2024 acquisition of certain HPE CTG assets. Deal expected to close in about 6 months, subject to regulatory approvals including CFIUS.
Strengthens HCLTech's telecom engineering and AI capabilities with new IP and talent. Modest deal size versus 14.2 billion dollar revenue base.