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HCL Tech buys Volvo's external IT business for $130m

2016-02-17 21:49:01| IT Services - Topix.net

Volvo has sold its external IT business unit to Indian firm HCL Technologies , from whom it will outsource IT services until 2021. Pankaj Tagra, head of Nordics business at HCL, said the acquisition of the carmaker's IT arm started on October 19 last year at a value of $130 million in cash, with derived revenues exceeding to $190 million.

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Category:Information Technology

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