Tech Mahindra acquires Hutchison Global for $87.1 million

Tech Mahindra, a leading provider of solutions and services to the telecommunications industry, has acquired 100% stake in Hutchison Global Services for $87.1 million, payable upfront.

This acquisition builds on the significant relationship between Tech Mahindra and the Hutchison group across multiple countries. The acquisition will provide significant enhancement of Tech Mahindra’s expertise in the customer management space and will thus be a key component of its strategic plans going forward. In addition, the acquisition will enable Tech Mahindra to leverage the acquired capabilities and scale for expanding the scope of their existing services to other parts of the Hutchison group, and also to other customers and verticals.

As part of the deal, the clients of Hutchison Global Services have committed to procure services worth $845 million over a 5 year period, and have agreed to Hutchison Global Services being their exclusive provider of certain agreed services in India.

Hutchison Global Services (HGS) provides customer lifecycle operations to clients in UK, Ireland and Australia and has an associate base of over 11,500 employees. HGS operates out of Mumbai and Pune and is among the largest captives in the Telecom Domain.