Key Highlights
- HCLTech will acquire 100 percent equity in Singapore-based Finergic Solutions.
- The acquisition will be completed through a 100 percent cash transaction.
- Total purchase consideration is fixed at 19 million Singapore dollars.
- The deal is expected to close by April 30 2026.
- Finergic reported revenue of 12.6 million Singapore dollars in FY2024.
HCL Technologies Limited has announced a definitive agreement to acquire Finergic Solutions Pte Ltd, a Singapore-headquartered wealth consulting firm, to enhance its digital transformation capabilities in the wealth management and financial services sector. The acquisition will be carried out through HCL Singapore Pte Ltd, a wholly owned subsidiary of the company.
Established in 2019, Finergic focuses on core banking and wealth management transformation, offering consulting services across strategy, architecture and execution. The company reported revenue of 12.6 million Singapore dollars for the year ended December 31 2024, along with a profit after tax of 2.9 million Singapore dollars and a net worth of 5.4 million Singapore dollars. Finergic operates across Singapore, Luxembourg, Switzerland and India.
HCLTech stated that the acquisition aligns with its long-term strategy to deepen its financial services expertise, particularly in platform-led and AI-driven wealth management solutions. The integration of Finergic’s specialised capabilities is expected to strengthen service delivery for global banking and wealth management clients.
The transaction involves a total cash consideration of 19 million Singapore dollars and does not require any regulatory approvals. The acquisition is not classified as a related-party transaction and is expected to be completed by April 30 2026, subject to customary closing conditions.