Business Line 10 September 2010
Infosys Ltd has announced the acquisition of Lodestone Holding AG, a management consultancy firm based in Zurich, for an aggregate enterprise value of CHF 330 million in cash (about Rs 1,932 crore).
Infosys believes that it would become a global consulting powerhouse since post-acquisition, the cumulative consulting practice focusing on SAP programmes would bring in a revenue of more than $1 billion, “firmly establishing Infosys among the global leaders in SAP consulting’’.
However, the announcement did not have any significant impact on the share price of Infosys. The stock gained Rs 29.05 to trade at Rs 2,524.95 in the BSE with a trading volume of about 23,500 shares about 10 minutes after trading began this morning.
Lodestone is engaged in advising international companies on “strategy and process optimisation, and provides business transformation solutions enabled by SAP’’, Infosys said in a communication to the stock exchanges today.