IT services major HCL Technologies has announced that its software business division, HCLSoftware, will acquire Croatia-based enterprise robotic process automation (RPA) platform provider Robotiq.ai in an all-cash deal valued at an enterprise value of 9 million euro (about Rs 98 crore).

The transaction will be executed via HCL Technologies Austria GmbH, a step-down wholly owned subsidiary of HCLTech, which will acquire 100 per cent of the outstanding equity in the firm, according to a regulatory filing.