Question : HCL has recently(December 2021) acquired banking firm in _.
a. Germany
b. France
c. Canada
d. USA
Ans. a.
Related facts —
- India’s third largest software services firm, HCL and Deutsche Apotheker- und Ärztebank eG (apoBank), the largest cooperative primary bank in Germany, has recently(December 2021) signed with Atruvia AG an agreement to acquire IT consulting company Gesellschaft für Banksysteme GmbH (gbs).
- The deal is expected to close in Jan. 2022.
- Post-closing, HCL will own 51%, while apoBank will own 49% stake of gbs.
- apoBank is currently a 10% shareholder and is increasing its stake in gbs from 10% to 49%.
- Significance —
- The acquisition will add an edge to HCL’s existing capabilities to accelerate digital transformation and further enhance HCL’s scale in Germany.