Finally, Infosys to acquire Zurich-based consultancy firm

Infosys, the country's second largest software exporter, has loosened its cash rich purse strings and decided to acquire a Zurich-based management consultancy firm, Lodestone for a consideration of CHF 330 million ($350 million).

AFP

The acquisition is expected to strengthen Infosys' consulting and systems integration capabilities and will lead to addition of 200 clients in Europe, the company said in a press release.

The transaction is expected to be completed to be October-end.

Lodestone advises international companies on strategy and process optimisation, the release said.

The Infosys stock is trading 1.05 percent higher at Rs 2,522.50 on the BSE following the announcement,

Analysts on CNBC TV18 said the acquisition is in the right direction, but said it is too small.

Analysts and investors have been urging the software exporter to make use of its huge cash pile of around Rs 20,000 crore for acquisition or pay out dividends.


Updated Date: Dec 20, 2014 11:51 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See