Infosys to buy Zurich-based Lodestone Holding at USD 350 m

Infosys is planning to acquire Zurich-based global management consultancy firm Lodestone Holding AG at 330 m CHF (USD 350 million) in cash. The transaction is likely to close by October-end.

September 10, 2012 / 15:03 IST

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Infosys is planning to acquire Zurich-based global management consultancy firm Lodestone Holding AG at 330 m CHF (USD 350 million) in cash. The transaction is likely to close by October-end.

Post acquisition, Infosys get an additional 850 employees. Lodestone will add 200 clients across manufacturing, automotive and life sciences, to the poll of Infosys's 700 clients. "Post-acquisition, the combined consulting practice focusing on SAP program will deliver revenue of more than USD 1 billion," a press statement said.

Lodestone advises international companies on strategy and process optimization, and provides business transformation solutions enabled by SAP.

first published: Sep 10, 2012 09:00 am

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