HCL completes £440m Axon buy

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HCL completes £440m Axon buy

HCL Technologies has finalised its purchase of SAP consultancy Axon, marking the largest ever acquisition by an Indian technology company.

HCL paid £440m (US$673m) for UK-based Axon, having outbid Infosys' offer of £407.1m (US$622m).

"As HCL Axon, we will be combining Axon's strong business benefit-led consulting and implementation capabilities with HCL's strong global delivery-based application and infrastructure management capabilities," said HCL Axon president Steve Cardell.

"We are confident of being able to leapfrog the competition in delivering unique value on an end-to-end basis for customers who have chosen SAP as their strategic technology platform and whose business challenge is transformation."

HCL said that the acquisition would see its enterprise application services revenues increase from 11 per cent to 25 per cent of total revenues.
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