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Indian IT vendors looking to shop in Europe
By siliconindia
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Saturday, 17 May 2008, 17:40 IST
Bangalore: As part of expanding their operations in Europe Indian IT majors will go there on a shopping spree this summer. The next couple of quarters, thus, would see a flurry of mergers and acquisitions, reported Business Line.
Navi Radjou, Vice-President, Forrester Research, said getting customers in the conservative European market is the principal driver behind these acquisitions. They would mostly buy industry-specific boutique consulting firms, Radjou said. Most of them would happen in the UK, France and the Netherlands.
He added that the Indian vendors would choose to buy small IT companies in countries where they can get deals quickly. They might also choose specific countries for specific verticals. For example, they might choose the UK for financial services and Germany for manufacturing, he added.
Radjou said the acquisitions would generally be small. The Indian vendors would buy small companies that are easy to digest. They would target companies that might be doing small deals but have strong customer relationships.