BENGALURU: Billionaire Shiv Nadar-controlled HCL Technologies<\/a> has emerged as the front-runner to acquire Geometric in a deal valuing the IT consulting company at about $200 million. HCL<\/a> is expected to acquire 38% stake held by Geometric's principal share holders -- Godrej<\/a> family and CEO Manu Parpia -- giving them control of the Mumbai headquartered company, people directly familiar with the matter said. 班加罗尔:亿万富翁Shiv Nadar-controlledHCL科技公司已成为领跑者的收购交易的几何IT咨询公司市值约2亿美元。盐酸预计将获得38%的股份由几何的主要股东——高德瑞治家庭和首席执行官马努Parpia——给他们控制的孟买总部公司,人们直接知情人士说。
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The deal-making was in final stages and a formal announcement would come shortly. Ace investor Rakesh Jhunjhunwala<\/a> and his wife who together own 19%, are likely to sell or pare their hol dings in separate open mar ket transactions with the ac quirer. India's fourth largest software exporter HCL Technologies is expected to merge Geometric with itself. JM Financial is advising Geometric on the transaction.
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\nGeometric started as part of the Godrej Group in 1984 and was spun off into an independent company a decade later. The company's portfolio covers global engineering services, product lifecycle management (PLM) solutions, embedded systems solutions and digital technology. It reported $181.4 million in revenue for the 2014-15 financial year and employs 4,800 people across 13 global delivery locations in the US, France, Germany, Romania and China, apart from India.
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TOI last year had reported on Geometric starting a sale process, attracting the interest of several strategic bidders including HCL. The Geometric acquisition is expected to tap synergies in engineering services and PLM solutions. HCL is betting big on engineering services as its growth engine which has crossed over $1 billion in revenue already. Geometric counts Dassault Systemes and Chrysler<\/a> as some of its top customers.
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HCL Technologies said it does not want to comment. Geometric stated it would not comment on market rumours and speculation. Godrej holds little over 31% stake through Godrej & Boyce Manufacturing Company and Godrej Investments<\/a>, while Manu Parpia and his family owns just under 7%, listing them as promoters.
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\nGeometric is aggressively expanding engineering services and PLM software in North America and Japan. It has a long-standing relationship with Dassault to offer services implementation, migration, upgrade and maintenance of the latter's products. The company has industry veteran Louis Pascarella as the chief tech officer to define the company's tech nology direction and build new-age solutions.
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\nHCL may pay a premium to the current share price of Geometric, though TOI could not ascertain the financial details of the transaction. Geometric shares ended 5.3% higher at Rs 153 in Mumbai, giving the company a market value of around $150 million.The stock has had a 52-week high of Rs 207 and a low of Rs 101. HCL Technologies shares ended 2.4% higher at Rs 832 on Tuesday .
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HCL's recent acquisitions include US-based PowerObjects, a leading North American provider of Microsoft<\/a> Dynamics CRM, and Point to Point Products, a worldplace engineering services company in the UK. Its biggest deal was the $785-million takeover of British consulting company Axon in 2008.
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\n\n<\/p><\/body>","next_sibling":[{"msid":51219374,"title":"What does a Rs 251 phone have to do with freedom?","entity_type":"ARTICLE","link":"\/news\/what-does-a-rs-251-phone-have-to-do-with-freedom\/51219374","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51221241,"entity_type":"ARTICLE","title":"Godrej may sell Geometric to HCL Technologies","synopsis":"Billionaire Shiv Nadar-controlled HCL Technologies has emerged as the front-runner to acquire Geometric in a deal valuing the IT consulting company at about $200 million.","titleseo":"telecomnews\/godrej-may-sell-geometric-to-hcl-technologies","status":"ACTIVE","authors":[{"author_name":"Shilpa Phadnis","author_link":"\/author\/479212770\/shilpa-phadnis","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212770.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479212770,"author_name":"Shilpa Phadnis","author_seo_name":"Shilpa-Phadnis","designation":"Principal Correspondent","agency":false}},{"author_name":"Boby Kurian","author_link":"\/author\/479243951\/boby-kurian","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479243951.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479243951,"author_name":"Boby Kurian","author_seo_name":"Boby-Kurian","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2016-03-02 12:07:04","lastupd":"2016-03-02 12:08:56","breadcrumbTags":["Enterprise IT","Microsoft","investments","HCL","HCL Technologies","Chrysler","Rakesh Jhunjhunwala","Godrej"],"secinfo":{"seolocation":"telecomnews\/godrej-may-sell-geometric-to-hcl-technologies"}}" data-authors="[" shilpa phadnis","boby kurian"]" data-category-name="" data-category_id="" data-date="2016-03-02" data-index="article_1">
交易在最后阶段,正式宣布不久就会来的。Ace投资者拉克什Jhunjhunwala和他的妻子在一起的19%,可能会出售或削减假日丁氏在单独的开放与交流3月刃交易一刀。印度的第四大软件出口国HCL科技公司预计将几何与本身。JM金融建议几何事务。
几何开始作为戈德雷吉集团的一部分,1984年被分拆成一个独立的公司十年后。该公司的投资组合包括全球工程服务、产品生命周期管理(PLM)的解决方案,嵌入式系统解决方案和数字技术。公布1.814亿美元的营收在2014 - 15财年,雇用了4800人在13个全球交付地点在美国,法国,德国,罗马尼亚和中国,除了印度。
钢铁洪流去年报道了几何开始出售过程,吸引一些战略买家包括盐酸的利益。几何收购预计将在工程服务和PLM解决方案利用协同效应。盐酸在工程服务作为增长引擎上下了很大的赌注已经拥有了10亿美元的收入。几何数量达索系统公司股价克莱斯勒一些顶级客户。
HCL科技公司表示,它不愿发表评论。几何表示,不会就市场谣言和臆测置评。高德瑞治持有超过31%的股份通过godrej&boyce制造公司和高德瑞治投资,而马努Parpia和他的家人拥有不到7%,清单推动者。
几何是积极扩大工程服务和PLM软件在北美和日本。它有一个长期的关系达索提供服务实现,迁移,后者的产品的升级和维护。公司拥有行业资深路易Pascarella科技重要性定义公司的首席技术官方向,构建新时代的解决方案。
HCL将付出溢价的当前股票价格几何,尽管钢铁洪流无法确定交易的财务细节。几何收高5.3%,报153卢比在孟买,给该公司的市值约为1.5亿美元。股票有52周高位的Rs 207和低的101卢比。HCL科技公司周二收高2.4%,报832卢比。
HCL最近的收购包括美国PowerObjects北美领先的供应商微软Dynamics CRM,点对点的产品,在英国worldplace工程服务公司。其最大的7.85亿美元收购交易是2008年英国咨询公司轴突。
BENGALURU: Billionaire Shiv Nadar-controlled HCL Technologies<\/a> has emerged as the front-runner to acquire Geometric in a deal valuing the IT consulting company at about $200 million. HCL<\/a> is expected to acquire 38% stake held by Geometric's principal share holders -- Godrej<\/a> family and CEO Manu Parpia -- giving them control of the Mumbai headquartered company, people directly familiar with the matter said.
\n
The deal-making was in final stages and a formal announcement would come shortly. Ace investor Rakesh Jhunjhunwala<\/a> and his wife who together own 19%, are likely to sell or pare their hol dings in separate open mar ket transactions with the ac quirer. India's fourth largest software exporter HCL Technologies is expected to merge Geometric with itself. JM Financial is advising Geometric on the transaction.
\n
\nGeometric started as part of the Godrej Group in 1984 and was spun off into an independent company a decade later. The company's portfolio covers global engineering services, product lifecycle management (PLM) solutions, embedded systems solutions and digital technology. It reported $181.4 million in revenue for the 2014-15 financial year and employs 4,800 people across 13 global delivery locations in the US, France, Germany, Romania and China, apart from India.
\n
TOI last year had reported on Geometric starting a sale process, attracting the interest of several strategic bidders including HCL. The Geometric acquisition is expected to tap synergies in engineering services and PLM solutions. HCL is betting big on engineering services as its growth engine which has crossed over $1 billion in revenue already. Geometric counts Dassault Systemes and Chrysler<\/a> as some of its top customers.
\n
HCL Technologies said it does not want to comment. Geometric stated it would not comment on market rumours and speculation. Godrej holds little over 31% stake through Godrej & Boyce Manufacturing Company and Godrej Investments<\/a>, while Manu Parpia and his family owns just under 7%, listing them as promoters.
\n
\nGeometric is aggressively expanding engineering services and PLM software in North America and Japan. It has a long-standing relationship with Dassault to offer services implementation, migration, upgrade and maintenance of the latter's products. The company has industry veteran Louis Pascarella as the chief tech officer to define the company's tech nology direction and build new-age solutions.
\n
\nHCL may pay a premium to the current share price of Geometric, though TOI could not ascertain the financial details of the transaction. Geometric shares ended 5.3% higher at Rs 153 in Mumbai, giving the company a market value of around $150 million.The stock has had a 52-week high of Rs 207 and a low of Rs 101. HCL Technologies shares ended 2.4% higher at Rs 832 on Tuesday .
\n
HCL's recent acquisitions include US-based PowerObjects, a leading North American provider of Microsoft<\/a> Dynamics CRM, and Point to Point Products, a worldplace engineering services company in the UK. Its biggest deal was the $785-million takeover of British consulting company Axon in 2008.
\n
\n\n<\/p><\/body>","next_sibling":[{"msid":51219374,"title":"What does a Rs 251 phone have to do with freedom?","entity_type":"ARTICLE","link":"\/news\/what-does-a-rs-251-phone-have-to-do-with-freedom\/51219374","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51221241,"entity_type":"ARTICLE","title":"Godrej may sell Geometric to HCL Technologies","synopsis":"Billionaire Shiv Nadar-controlled HCL Technologies has emerged as the front-runner to acquire Geometric in a deal valuing the IT consulting company at about $200 million.","titleseo":"telecomnews\/godrej-may-sell-geometric-to-hcl-technologies","status":"ACTIVE","authors":[{"author_name":"Shilpa Phadnis","author_link":"\/author\/479212770\/shilpa-phadnis","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212770.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479212770,"author_name":"Shilpa Phadnis","author_seo_name":"Shilpa-Phadnis","designation":"Principal Correspondent","agency":false}},{"author_name":"Boby Kurian","author_link":"\/author\/479243951\/boby-kurian","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479243951.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479243951,"author_name":"Boby Kurian","author_seo_name":"Boby-Kurian","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2016-03-02 12:07:04","lastupd":"2016-03-02 12:08:56","breadcrumbTags":["Enterprise IT","Microsoft","investments","HCL","HCL Technologies","Chrysler","Rakesh Jhunjhunwala","Godrej"],"secinfo":{"seolocation":"telecomnews\/godrej-may-sell-geometric-to-hcl-technologies"}}" data-news_link="//www.iser-br.com/news/godrej-may-sell-geometric-to-hcl-technologies/51221241">
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