HCL Technologies revealed an all-cash acquisition of Bengaluru-based Quest Informatics Private Limited – an aftermarket, Industry 4.0, and IoT company – through its wholly-owned subsidiary.
Quest’s cloud-enabled aftermarket ERP, field services management, and digital parts catalog product suites currently serve more than 40 global aftermarket leaders. Aftermarket digital spending in the transportation and manufacturing industries is one of the fastest-growing segments.
Quest will assist HCL Technologies in expanding its Industry 4.0 offerings into the rapidly growing aftermarket space. Quest’s suite of aftermarket solutions and products will benefit transportation and manufacturing clients worldwide as they embark on their digital transformation journey, stated Sukamal Banerjee, Corporate Vice President, Industry Software Division and IoT WoRKS HCL Technologies. In addition, Quest’s existing customers will benefit from HCL Technologies’ scale, reach, and R&D capabilities.
The global reach and expertise of HCL Technologies, combined with the deep domain knowledge of Quest Informatics, will help speed up product innovation and drive a global reach for continued growth. According to Rudresh Basavarajappa, CEO and Chairman of Quest Informatics Private Limited, the purchase will create synergies and facilitate meaningful interaction with clients in the end-to-end digital aftermarket space. The transaction is expected to be completed by July 31, 2022.
About HCL Technologies
HCL Technologies is a next-generation multinational technology firm that assists organizations in reimagining their operations for the digital age. Our technology products, services, and engineering are built on four decades of innovation with a world-renowned management philosophy, a strong culture of creativity and risk-taking, and a relentless focus on customer interactions.
For more information, visit https://www.hcltech.com/
