Axon another buy from another Indian company. Indian companies are leaving their mark all around the globe and this time Infosys is going to buy Axon a UK based company by 407 MN Euros (around 753.10 Million $)
As per the Infosys spoke person acquisition would “accelerate the achievement of some of Infosys’ current strategic corporate objectives, including the continued expansion consulting capabilities”
Details of Axon Groups
Axon Employee Strength – 2000 Employees
Axon Revenue of Q1 of 2007 – 204.5 MN Pounds
Axon Profit for same Quarter – 20.2 MN Pounds
Axon founded in 1994 and today Axon expanded its business and offices in UK, North America, Malaysia and Australia
All paper works and formalities of Axon acquisition will be completed in November.
Axon Group is a renowned company engaged in the delivery of Business Transformation programmes for large organisations that use SAP as their strategic platform.
Commenting on the transaction, the CEO of Infosys, Kris Gopalakrishnan said, “We are excited about this acquisition. The strategic combination of our groups will accelerate the realization of our common aspirations – that of becoming the most respected provider of business transformational services in the global market place. We hold the management and employees of Axon in high regard and look forward to welcoming them to the Infosys Group.”