Infosys to buy UK SAP consultant Axon Group plc for $753 million
News Source: #-Link-Snipped-#
IT major Infosys Technologies on Monday announced plans to acquire UK SAP consulting company Axon Group plc for Rs 3,310 crore (around $753 million). The deal, which would be closed in November, involved a total cash buyout of issued—and yet to be issued—shares of Axon by Infosys.
Addressing the media, Infosys CEO Kris Gopalakrishnan said, "The strategic combination of our groups will accelerate the realisation of our company aspiration: that of becoming the most respected provider of business transformational services in the global marketplace." It is one of the largest acquisitions by an Indian company in this sector.
IT major Infosys Technologies on Monday announced plans to acquire UK SAP consulting company Axon Group plc for Rs 3,310 crore (around $753 million). The deal, which would be closed in November, involved a total cash buyout of issued—and yet to be issued—shares of Axon by Infosys.
Addressing the media, Infosys CEO Kris Gopalakrishnan said, "The strategic combination of our groups will accelerate the realisation of our company aspiration: that of becoming the most respected provider of business transformational services in the global marketplace." It is one of the largest acquisitions by an Indian company in this sector.
Replies
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DifferentialRocking !!!
If Infy goes for it, it will be a good news for India ! -
kedarjkIts a surprising news rather. Indian IT market is right now going through lots of ups and downs, while Infosys is achieving new heights.
Great news!! -
friendster7it is a good start by infy.
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CandersHere is a new social network site #-Link-Snipped-#
Join for FREE and let's start your SAP Consultant career. -
just2rockgreat tie up...when its Infosys it must be something "BIG"
Thanks,
J2R
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