TCS acquires 100 per cent stake in Pune based CRL for Rs 188 crore

In a move to enhance its cloud offerings, Tata Consultancy Services (TCS) acquired Pune-based Computational Research Laboratories (CRL) for Rs 188 crore in an all-cash deal.

The country's largest software services firm has entered into a definitive agreement to acquire 100 per cent equity of CRL, a wholly-owned subsidiary of Tata Sons, for a cash consideration of Rs 188 crore ($34 million).

The acquisition will enable TCS to expand its suite of solutions and offer integrated High Performance Computing (HPC) application and cloud services to its large base of customers.



HPC applications are finding increasing relevance and use among large enterprises as they look to solve complex business problems like reducing their time-to-market.

This is driving adoption of HPC-based applications for modelling, simulations, visualisation and big data analysis across businesses.

TCS' global base of customers in sectors like automotive, aerospace, and energy are investing in the use of HPC applications and services.

CRL's core strength in creating and managing HPC environments will enrich TCS capabilities in infrastructure management, engineering and industrial services and strengthens the focus on creating cloud based industry platforms, the statement said.

"CRL's core capabilities in designing and building high performance environments coupled with our strong focus on cloud-based, domain-rich industry platforms makes TCS very relevant to address the customers' growing requirement of HPC applications," TCS MD and CEO N Chandrasekaran said.