HCL Axon, a division of HCL Technologies, which provides Business Transformation consultancy and services through the implementation and support of SAP technologies, has announced a strategic partnership with UCS Group and a take over of the UCS Group’s Enterprise Solutions SAP practice. The carve-out transaction entails an all cash consideration of $7.7 million (around Rs 380 crore) and an earn-out over the next two years.
UCS’ SAP practice offers Tier 1 Retail and wholesale SAP project implementations. This partnership will allow UCS Group to grow its annuity services business internationally besides expanding HCL Axon’s market presence in South Africa.
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