Infotech Lead India: HCL Infosystems has acquired remaining 40 percent stake in HCL Infosystems MEA from the NTS Group.
HCL Infosystems MEA FZE now becomes a wholly owned subsidiary of HCL Infosystems.
HCL Infosystems had earlier acquired 60 percent of NTS Group in 2010 to expand its footprint in the Middle East and African market with direct operations.
“This buy out will put us in a stronger footing in the Middle East market and enable us to quickly expand our business in the region. We will now focus on enhancing our capabilities and offer more solutions, services and products to our customers here in the region. The Middle East business is very important to us and is the centre of growth that drives our overall emerging market business,” said Shivkumar Gopal, CEO, HCL Infosystems MEA.
The company’s increasing presence in global emerging markets such as Middle East, Africa and South East Asia represents an important step in the company’s transformation strategy that includes the focus to accelerate growth in targeted international markets by offering a complete set of products, service and solutions.
The Middle East region specifically remains a high growth area and recently in April 2012 the company launched its operations in Qatar through a tie-up with Dyarco International, a business consultancy and subsidiary of Al Faisal Holdings.
Recently HCL Infosystems MEA expanded its operations in Qatar by partnering with Consolidated Gulf, a technology and engineering solutions and service provider to make available HCL Laptops, Desktops and Tablets in the region.