Infosys to acquire leading UK-based SAP consulting company Axon Group plc
Infosys is acquiring Axon Group plc (LSE: AXO), a leading UK-based SAP consulting company. Founded in 1994, Axon provides consultancy services to global companies that have chosen SAP as their enterprise platform. The company focuses on technology-enabled transformation programs by leveraging its in-depth industry expertise and functional knowledge.
Infosys' acquisition of Axon valued at £ 407.1 million (INR 33.1 billion; US$ 753.1 million) is expected to be completed by November 2008. Axon has 2,000 employees located at offices in United Kingdom, North America, Malaysia, and Australia. For the year ended 31 December, 2007, Axon reported profit after taxation of £ 20.2 million (INR 1.6 billion; US$ 37.4 million) on revenue of £ 204.5 million (INR 16.6 billion; US$ 378.3 million).
Infosys' CEO Kris Gopalakrishnan said, "The strategic combination of our groups will accelerate the realization of our common aspiration - that of becoming the most respected provider of business transformational services in the global marketplace."Listen to Teleconference