New Delhi, Dec. 18 -- HCL Technologies (HCLTech) has entered into a definitive agreement to acquire the Telco Solutions business from Hewlett Packard Enterprise (HPE) for a total consideration of up to $160 million. The transaction is structured as an all-cash asset carve-out, the company said in a stock exchange filing on Thursday.

The deal includes an initial purchase price supplemented by a $15 million incentive based on performance metrics for the 2025 fiscal year. The acquisition is expected to close in approximately six months, subject to customary closing conditions and regulatory approvals, including clearance from the Committee on Foreign Investment in the United States (CFIUS).

Building on a 2024 transaction where HCLTech purc...