HGS buys 57% stake in US firm

New Delhi: Hinduja Global Solutions ( HGS) on Friday said its subsidiary will acquire 57 per cent stake in digital consulting services firm Element Solutions for $ 5 million. The deal, which is expected to close in the next 15 days, will help grow the digital marketing and digital experience service business of the company. “Hinduja Global Solutions UK Ltd has today entered into a definitive agreement to acquire 57 per cent equity stake in Element Solutions LLC, USA.,” HGS CEO Partha DeSarkar said. Element Solutions provides high- end digital strategy.