M&A
HCL Technologies to acquire Quest Informatics for Rs.15-Cr
Noida-based, publicly-listed HCL Technologies (HCL) will acquire Bengaluru-based Quest Informatics Private Limited (Quest) for INR 15 crores. Quest will help expand HCL Technologies' Industry 4.0 offerings into the fast-growing aftermarket space. Quest provides aftermarket products for diverse industrial applications. which may be deployed on-premise or Cloud, Mobile, or other Devices and interface with legacy systems. Quest currently serves more than 40 global leaders in the aftermarket space with its cloud-enabled aftermarket ERP, field services management, and digital parts catalog product suites. The target company had reported revenues from operations of INR 13.6 crore for FY21
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