India’s leading tech services company Infosys announced today, Sept. 10, a definitive agreement to acquire Lodestone Holding AG, a global management consultancy firm for an aggregate enterprise value of CHF 330 million in cash.
Headquartered in Zurich, Lodestone advises international companies on strategy and process optimization, and provides business transformation solutions enabled by SAP.
Upon completion, the acquisition of Lodestone will strengthen Infosys Consulting and Systems Integration (C&SI) capabilities, by bringing more than 850 employees, including 750 experienced SAP consultants to the company.
“A key plank of our Infosys 3.0 strategy is to expand our Consulting & Systems Integration business. This acquisition fits perfectly into that strategy,” said S. D. Shibulal (pictured above), CEO & managing director, Infosys.
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 will deliver revenues of more than $1 Billion, expects Infosys.
“We are eager to leverage the widely acknowledged global reach of Infosys and its leadership in the consulting and technology arena to deliver greater value to our clients,” said Ronald Hafner, chairman and CEO, Lodestone.
Infosys Consulting & Systems Integration business, today, has more than 30,000 consultants across 10 industry verticals and accounts for 31% of the company’s revenue.