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Home Science & Technology Startup Nation Tech Bits

Hilan Group's Ness to acquire DXC Technology's Israeli IT firm for $65M

by  Noga Martin/ILH Startup Editor
Published on  12-21-2021 08:42
Last modified: 12-21-2021 08:42
Hilan Group's Ness to acquire DXC Technology's Israeli IT firm for $65MSharona Avraham / Photograph Gallery of Sarona

Ness CEO Shachar Efal: DXC's leaders and practitioners are among the best in the information systems market in Israel | Courtesy: Sharona Avraham / Photograph Gallery of Sarona

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Ness, part of Hilan Group, a provider of services and solutions in the fields of information technology (IT), has signed an agreement to acquire DXC's IT services company in Israel, the company announced Tuesday.

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In Israel, DXC employs nearly 600 practitioners who specialize in developing and delivering information technology solutions and services in all sectors of the Israeli economy.

The transaction is expected to close at the end of the first quarter of 2022 and its completion is subject to the accepted conditions.

Ness will acquire 100% of the company's share capital in the amount of $65 million.

The merged group will employ approximately 5,000 employees and managers.

Ness CEO Shachar Efal said, "DXC's leaders and practitioners are among the best in the information systems market in Israel and joining the Ness Group will greatly contribute to the existing and future customers of the two companies in an era of unprecedented and challenging technological acceleration and digital transformation as we have experienced in the past two years."

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