25 Aug 2008

Infosys to buy UK SAP consultant Axon Group plc for $753 million

News Source: Infy to buy UK SAP consultant for Rs 3,310 cr - Yahoo! India News

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.
Differential

Differential

Branch Unspecified
25 Aug 2008
Rocking !!!
If Infy goes for it, it will be a good news for India !
kedarjk

kedarjk

Branch Unspecified
26 Aug 2008
Its 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!!
friendster7

friendster7

Branch Unspecified
27 Aug 2008
it is a good start by infy.
Canders

Canders

Branch Unspecified
10 Mar 2009
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just2rock

just2rock

Branch Unspecified
10 Mar 2009
great tie up...when its Infosys it must be something "BIG"

Thanks,
J2R

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