Hinduja Global Solutions acquires majority stake in Element Solutions
Hinduja Global Solutions (HGS) has acquired majority stake in digital consulting services company Element Solutions. The company’s UK subsidiary acquired 57 per cent stake in the company for an amount of $5 million.
Element Solutions is a high-end digital strategy and solution provider in the field of healthcare, manufacturing and retail. It currently has 160 successful digital engagements and serves 35 out of the Fortune 500 brands.
"Post-acquisition, HGS will add 77 employees comprising strategic thinkers, digital marketers, user-centric designers, software engineers, etc. The investment in Element Solutions expands on this strategy and helps position HGS as an end-to-end digital transformational leader that can impact the entire customer life-cycle for brands,” said Partha DeSarkar, Chief Executive Officer, HGS.
HGS is a leader in business process management (BPM) and optimising customer experience life-cycle. It is also part of the multi-billion dollar Hinduja Group. HGS takes a “globally local” approach, with over 46,000 employees across 69 delivery centres in seven countries servicing some of the world’s leading brands across nine key verticals.
The HGS stock closed in the green on the bourses on March 28 at Rs.815, up by 1.38 per cent