HCL completes acquisition of UK’s Axon

HCL completes acquisition of UK’s Axon

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.