HCL Tech acquired 100% equity US-based business process outsourcing firm Urban Fulfilment for USD 30 million
The Transaction
In April 2017, HCL Technologies announced its intention to acquire 100% stake in Urban Fulfilment Services, LLC, USA (UFS), a mortgage business process and fulfilment service provider to clients in the US. HCLT will be acquiring 100% outstanding shares of UFS through cash. The total cash consideration for this transaction is up to USD 30 million including contingent payments subject to certain financial milestones.
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