Infosys agrees to buy Axon Group
In one of the largest overseas acquisitions by an Indian technology company, Infosys Technologies Ltd. said it has agreed to buy UK-based tech consultancy Axon Group PLC for $753.1 million.
Infosys, which last year opted out of the race to buy UK-based Axon Group PLC after it was outbid by smaller rival HCL Technologies Ltd., has been looking for acquisitions to lower its dependence on the US and the banking and financial services industry, which have been the worst hit by the global crisis.