Infosys Ltd. said it would acquire Zurich-based consulting firm Lodestone Holding AG, a global management consultancy firm, for an aggregate enterprise value of CHF 330 million cash. Following this, Lodestone acquisition would strengthen Infosys Consulting and Systems Integration or C&SI capabilities and expand its presence in continental Europe, by bringing over 850 employees, including 750 experienced SAP consultants to the company, Infosys added.
In addition, Lodestone would 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 would generate revenues of over $1 billion. The transaction may close by the end of October 2012.
Headquartered in Zurich, Lodestone advises international companies on strategy and process optimization, and provides business transformation solutions enabled by SAP.