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The Economic Times
The Economic Times
Technology

HCLTech software unit to acquire European firm Robotiq.ai for 9 million euros

HCL HCLTECH India

HCLTech’s software business division HCLSoftware has announced its intent to acquire 100% stake in Croatia-based Robotiq.ai, a provider of enterprise robotic process automation (RPA) platform for nine million euros, the IT company informed the stock exchanges on Monday.

The company will acquire 100% of the outstanding equity of Robotiq.ai to be acquired by HCL Technologies Austria GmbH, a step- down wholly owned subsidiary of HCLTech, for a cash consideration of nine million euros adjusted for customary post-closing adjustments for net debt and working capital, HCLTech, India’s third largest IT services company, said in a filing.

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