HCL Infosystems has acquired a 60% stake in NTS Group, a Dubai based leading IT services and solutions provider for an investment of about $6.5 million.
NTS, provides solutions ranging from IT hardware to software services and consulting and has partnership with leading enterprises in the region building customized solutions for a host of business needs, the company said in a statement.
Specific services offered by NTS include- computer hardware, enterprise software solutions, infrastructure and networking solutions, e-security solutions and web development services.
With the addition of NTS, HCL Infosystems will now expand its global footprint in the Middle East and African market with direct operations to address the system integration and services needs in these regions, it said.
Shares of H C L Infosystems declined Rs 0.25, or 0.22%, to settle at Rs 112.90. The total volume of shares traded was 21,783 at the BSE today.