HCL completes acquisition of UK’s Axon

HCL completes acquisition of UK’s Axon
PTI
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First Published: Mon, Dec 15 2008. 06 24 PM IST
Updated: Mon, Dec 15 2008. 06 24 PM IST
New Delhi/London: HCL Technologies has completed the acquisition of UK-based consulting Axon Group Plc for £441.1 million, making it the largest acquisition in tech space by any Indian company.
“The merger of Axon and HCL SAP practice present a greater opportunity to bring new capabilities to the market with a global delivery model providing full life cycle suite of services fitting into HCL’s Blue Ocean strategy,” HCL Technologies CEO Vineet Nayar said.
Last week, a London court had given the go-ahead to Axon to be acquired by HCL Technologies.
India’s second largest IT company Infosys was also in the lead to acquire Axon and had made a cash offer of £407.1 million for the same. But Infosys was subsequently outbid by HCL Technologies.
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First Published: Mon, Dec 15 2008. 06 24 PM IST