Tata Consultancy Services (TCS) has entered into a definitive agreement to acquire 100-per cent equity of Computational Research Laboratories (CRL),a wholly-owned subsidiary of Tata Sons, for a cash consideration of Rs.188 crore (US$34 million).
The acquisition of CRL will enable TCS to extend its suite of solutions and offer integrated HPC application and Cloud services to its large base of customers.
“CRL’s core capabilities in designing and building high-performance environments coupled with our strong focus on Cloud-based, domain-rich industry platforms makes TCS very relevant to address the customers’ growing requirement of HPC applications,” said N. Chandrasekaran, Managing Director & CEO, TCS.
