HCL AXON, A DIVISION OF HCL TECHNOLOGIES, BUYS THE SAP PRACTICE OF SOUTH AFRICABASED UCS GROUP

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HCL Axon, a division of HCL Technologies, has announced the takeover of the SAP practice of South Africabased UCS Group. The transaction entails an all-cash consideration of $7.7 million and earnouts over the next two years. The 67 peoplestrong acquired practice offers retail and wholesale SAP project implementations. “We have a stated strategy to bring strong customerfocused vertical propositions and have identified the retail market as a major opportunity,” HCL Axon president Steve Cardell said.

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