HCL Technologies to purchase business unit of Volvo Group

Q.  HCL Technologies will acquire which commercial vehicles major’s external IT business for USD 1.38 million ?
- Published on 21 Oct 15

a. Ford
b. Volvo
c. Daimler-Chrysler
d. Mercedes Benz

ANSWER: Volvo
 
HCL Technologies will buy Swedish commercial vehicles major Volvo Group's external IT business for USD138 million/INR 895 crore in an all cash deal. Volvo will also outsource IT infrastructure operations to HCL Technologies for non-disclosed contract value for 5 years. A letter of intent has been signed by the two companies to this effect.

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