HGS announces two M&A developments

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HGS announces two M&A developments
HGS announces two M&A developments

HGS stated that it has signed a non-binding Letter of Intent to acquire uKnowva, a digital Human Resources Management System product business, from Convergence IT Services Ltd

Hinduja Global Solutions (HGS) announced two mergers and acquisitions (M&A) developments to support its transformation journey as HGS 2.0.

HGS said it has entered into a definitive agreement to acquire a 100% stake in TekLink International for a consideration of $58.8 million. The transaction with the analytics service provider is expected to close in the next two months.

In addition, HGS stated that it has signed a non-binding Letter of Intent to acquire uKnowva, a digital Human Resources Management System product business, from Convergence IT Services Ltd. uKnowva is a Cloud-based SaaS platform that leverages intelligent software to deliver human capital management, automation, and collaboration for midsize and growing companies, as per reported by YourStory.

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