Lodestone acquired by Infosys
News18.09.2012 Comments (0)
Last week it was annouced that Infosys, a provider of consultancy and technology, will acquire Lodestone Holding AG, a management consultancy firm for an aggregate enterprise value of CHF 330m in cash.
The acquisition for Infosys will:
- Strengthen Infosys’s management consulting capabilities globally
- Expands presence in continental Europe adding more than 750 experienced consultants and 200 clients
- Deepens expertise across Manufacturing, Automotive and Life Sciences industries
Infosys Consulting & Systems Integration business, today, has more than 30,000 consultants across 10 industry verticals and accounts for 31% of the company's revenue.
The Lodestone acquisition will significantly enhance its global presence, particularly in continental Europe and emerging markets like Latin America and Asia Pacific.
Commenting on the transaction Mr. S. D. Shibulal, CEO & Managing Director, Infosys said, "A key plank of our Infosys 3.0 strategy is to expand our Consulting & Systems Integration business. This acquisition fits perfectly into that strategy. Lodestone and Infosys share a culture of unwavering focus on nurturing and maintaining client trust. I look forward to welcoming Ronald, his experienced leadership team and Lodestone's team of top-notch consultants to Infosys."
Linklaters LLP is acting as legal advisor to Infosys. UBS AG is acting as financial advisor and Baker & McKenzie is acting as legal advisor to Lodestone.