HGS Acquires TekLink International and Signs LOI to Buy uKnowva
December 8, 2022
Hinduja Global Solutions Limited (HGS) has agreed to acquire 100% of TekLink International, Inc. for US$58.8 million (subject to earnouts and adjustments) and has signed a non-binding LOI to acquire uKnowva, a cloud-based HRMS product business from Convergence IT Services Ltd. The deals expand HGS's digital capabilities across data & analytics, financial planning, and HR technology, and will add roughly 275 TekLink professionals and 75+ uKnowva employees to HGS's digital bench.
- Buyers
- Hinduja Global Solutions Limited (HGS)
- Targets
- TekLink International, Inc., uKnowva
- Sellers
- Convergence IT Services Ltd
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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