Infosys acquires Lodestone for $340 million
by CanadianManufacturing.com Staff
The combined consulting practice focusing on SAP programs is expected to deliver more than $1 billion of revenues.
ZURICH and BANGALORE, India—Technology and consulting giant Infosys has acquired Swiss consulting firm Lodestone Holding AG for CAN$340 million in cash.
Headquartered in Zurich, Lodestone advises international companies on strategy and process optimization, and provides business transformation solutions enabled by SAP.
The deal will add to Infosys more than 850 employees, including 750 experienced SAP consultants, as well as more than 200 clients covering manufacturing, automotive and life sciences sectors.
The combined consulting practice focusing on SAP programs is expected to deliver more than $1 billion of revenues.
The transaction is currently expected to close by the end of October 2012, subject to customary closing conditions.
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.
Infosys, with Canadian operations in Calgary, Toronto and Montreal, provides consulting, technology and outsourcing solutions to clients in more than 30 countries.
Lodestone Holding AG, headquartered in Zurich, advises international companies on strategy and process optimization as well as IT transformation, focusing on life science, chemical, automotive and financial services industries.
