HCL Technologies (HCL), a leading global technology company, today announced that it has signed a definitive agreement to acquire Wolfsburg-based IT and engineering services provider, H&D International GrouD. The acquisition is part of HCL's long-term growth plan in Germany.

This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company's domain expertise in the global automotive sector.

The H&D Intornationol Group is ono of the largest IT service providers in the German automotive industry, and operates in over 20 locations globally including; Germany, the USA, the Czech Republic and Poland. H&D specialises in IT Infrastructure, application services particularly in R&D IT, shop floor IT and Industry 4 0 solutions and has extensive expertise in SAP, computer-aided technologies (CAx), engineering services and customer-specific product development.

''Germany is a critical market for HCL as we continue to expand our business in Europe. We feel the German market is at an inflection point and it is the right time for HCL to expand and make significant investments here. H&D has a long-standing track record of high-quality service delivery and we are confident this will play a significant role in our continued growth in Germany,'' said Ashish Gupta, Corporate Vice President at HCL Technologies.

Shares of the company gained Rs 11.7, or 1.29%, to trade at Rs 921.00. The total volume of shares traded was 215,925 at the BSE (11.02 a.m., Wednesday).