HCLTech to acquire certain assets of HPE’s Communication Technology Group for Rs 1,874 crore

New Delhi: IT company HCLTech on Thursday said it will acquire certain assets of Hewlett Packard Enterprise’s Communications Technology Group (CTG) for USD 225 million, about Rs 1,874 crore, in an all-cash deal. As part of this agreement, approximately 1,500 employees and 700 contractors with experience of engineering services for telecom industry in various countries — including Spain, Italy, India, Japan, China, Americas and APAC region — will be transferred to HCLTech, the companies said in a note.