Infosys to buy UK based Axon group for Rs 3300 crore
Posted by kk on 25 Aug 2008
Infosys is all set to buy UK based Axon group for 407 mn euros. The deal is to be completed by November 2008. The UK based Axon Group is into consultancy services.
Infosys said the acquisition would “accelerate the achievement of some of Infosys’ current strategic corporate objectives, including the continued expansion consulting capabilities”.
Axon Group has 2000 employees. The Q1 revenue for Axon was 204.5 mn pounds in 2007. The profit after tax for the same period was 20.2 mn pounds. According to sources in Infosys, transfer of ownership will be completed by November.
Read more at http://economictimes.indiatimes.com/Infotech/Infosys_to_buy_UK_based_Axon_group/articleshow/3403985.cms
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