Tech Mahindra Acquired Hutchinson Global Services

Tech Mahindra on 4 September 2012 acquired the back office unit of Hutchison Global Services (HGS), for $87.1 million (Rs 484.03 crore). The deal made with the HGS is supposed to give it a revenue rise of USD 845 million over the next five years which will mark to an average revenue increase of around USD 170 million per annum.

The acquisition will provide significant enhancement of Tech Mahindra's expertise in the customer management space and will be a key component of strategic plans.

The deal will also 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 to other customers and verticals.

Hutchison Global Services (HGS), basically provides call centre and customer life-cycle operations to customers in UK, Ireland and Australia. Whereas,Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc.