HCL Technologies to acquire Bengaluru-based Quest Informatics

Global technology firm HCL Technologies (HCL), on Monday, said that it will acquire Bengaluru-based Quest Informatics Private Limited (Quest), an aftermarket, industry 4.0 and IoT company.

The acquisition will be an all-cash deal through HCL'S wholly-owned subsidiary firm, the company said in its statement.

"Quest will help expand HCL Technologies’ Industry 4.0 offerings into the fast-growing aftermarket space. Quest's suite of aftermarket solutions and products will be valuable to transportation and manufacturing clients globally in their digital transformation journey,” said Sukamal Banerjee, Corporate Vice President, Industry Software Division and IoT WoRKS™, HCL Technologies.

Quest currently serves more than 40 global leaders in the aftermarket space with its cloud-enabled aftermarket ERP, field services management, and digital parts catalogue product suites, the statement said.

"Additionally, Quest's existing customers will benefit through HCL Technologies' scale, reach and R&D prowess," added Banerjee.

Moreover, aftermarket digital spending is one of the fast-growing segments in the transportation and manufacturing industries.

"HCL Technologies' global reach and expertise combined with Quest Informatics' deep domain knowledge will help accelerate product innovation and drive a global reach for continued growth. The acquisition will create synergies and enable meaningful engagements with customers in the end-to-end  digital aftermarket space," said Rudresh Basavarajappa, CEO & Chairman, Quest Informatics Private Limited.

The deal is expected to be complete before July 31, 2022.

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