On Thursday, Business process management firm Hinduja Global Solutions (HGS) said it would acquire a 100% stake in TekLink International for $58.8 million (Rs 483 crore)

HGS also said it had signed a non-binding letter of intent (LoI) to acquire uKnowva, a digital human resources management system (HRMS) products business, from Convergence IT Services.

“HGS has entered into a definitive agreement to acquire 100% of TekLink International, Inc. for a consideration of $58.8 million, subject to adjustments for earnings and other customary and agreed adjustments. The transaction with the analytical services provider is expected to follow two months,” the company said in a statement.

US-based TekLink supports more than 60 customers, including one of the world’s leading food manufacturers, a US multinational confectionery company and a global beverage giant. It has European offices and delivery centres in India’s Hyderabad and Indore.

“TekLink and uKnowva offer transformative solutions in analytics and financial planning and HR technology, respectively, and are a perfect fit for our strategy. The synergies will help us significantly strengthen our existing digital portfolio, expand in new fast-growing areas, co-create solutions and cross-sell to consumers, HGS CEO Partha DeSarkar said.