For a consideration of USD 5 million
Hinduja Global Solutions announced that Hinduja Global Solutions UK, a subsidiary of the Company has completed the acquisition of 57% of the equity interest in the Element Solutions LLC, USA, a digital consulting services company, for a consideration of US$ 5 million.Element Solutions provides high-end digital strategy and solutions in customer digital experience, datadriven marketing and cloud managed services areas. With over 160 successful digital engagements, the company supports more than 35 top Fortune 500 brands, primarily in the healthcare, manufacturing and retail industries.
The acquisition of Element will help HGS Interactive (HGSi), HGS' digital services division, to strengthen its Buy-side portfolio by adding new capabilities and expertise in customer digital experience and digital marketing. It will also bring together a complementary client base across sectors and add significant onshore presence for HGSi. The company will add over 75 employees comprising strategic thinkers, digital marketers, user-centric designers, software engineers and developers, of whom 33 are in the US and the rest in India.
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