[Techtaffy Newsdesk]
Bangalore-based Infosys has signed a definitive agreement to acquire management consultancy firm Lodestone, for an aggregate enterprise value of roughly $350 million. Headquartered in Zurich, Lodestone advises companies on strategy and process optimization, and provides business transformation solutions enabled by SAP.
The Lodestone acquisition will significantly enhance its global presence, says Infosys, particularly in continental Europe and emerging markets like Latin America and Asia Pacific. Upon completion, the acquisition will be bringing more than 850 employees, including 750 SAP consultants to the company. Lodestone will add more than 200 clients across industries including Manufacturing, Automotive and Life Sciences, to the Infosys pool of over 700 clients. Post-acquisition, the combined Consulting practice focusing on SAP programs is expected to deliver revenues of more than $1 billion.
Infosys Consulting & Systems Integration business curently has more than 30,000 consultants across 10 industry verticals and accounts for 31% of the company’s revenue.
Linklaters is acting as legal advisor to Infosys. UBS is acting as financial advisor and Baker & McKenzie is acting as legal advisor to Lodestone.