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New Deal


Announced

HCLTech to acquire ASAP Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

automotive engineering services

Acquisition

Private

Friendly

Auto Services

Cross Border

Majority

Pending

Single Bidder

Synopsis

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HCLTech, a global technology company, agreed to acquire ASAP Group, an automotive engineering services provider. Financial terms were not disclosed. “We are delighted to align our growth journey with HCLTech’s purpose of bringing together the best of technology and people to supercharge progress for all stakeholders. We are confident that the combination of HCLTech and ASAP’s engineering and technology performance will bring best-in-class advantages to the automotive industry worldwide,” Michael Neisen, ASAP Group CEO.

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