trending Market Intelligence /marketintelligence/en/news-insights/trending/haM24X-sVEAhkcfpKrShoQ2 content esgSubNav
In This List

HCL Technologies to acquire Strong-Bridge Holdings

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


HCL Technologies to acquire Strong-Bridge Holdings

HCL Technologies Ltd., through subsidiary HCL America Inc., agreed to acquire digital consulting firm Strong-Bridge Holdings Inc. from Bow River Asset Management Corp., or Bow River Capital.

Under the terms of the agreement, HCL Technologies will pay $42 million upfront in cash and $3 million in potential earnout if targets are achieved. The acquisition is expected to be completed in April.

Strong-Bridge will operate under HCL Technologies' global digital and analytics business.

Strong-Bridge employs about 200 people and reported $45.6 million in revenues in 2018.

CG Petsky Prunier served as the financial adviser to Strong-Bridge and Bow River Capital.