HCL Technologies, the country’s fourth largest information technology services and solutions company, will acquire Mumbai-headquartered Geometric, an engineering solutions and services entity.

The entire business of Geometric will be transferred to HCL Tech by way of demerger, except for its 58 per cent share in a joint venture with Dassault Systemes, 3DPLM Software Solutions. The total value for the transaction will be $260-270 million, said a source. In return, shareholders of Geometric will receive shares in HCL Tech in a swap ratio of 10 equity shares of the latter for every 43 of the former. More important, shareholders of Geometric shall receive one listed redeemable preference share of Rs 68 each, carrying annual dividend of seven per cent, in 3DPLM against every one share of Geometric.

http://www.business-standard.com/article/companies/hcl-technologies-to-acquire-geometric-116040101311_1.html

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