Bangalore: Infosys today said it will acquire Swiss SAP implementation firm Lodestone for 330 million Swiss Francs (about Rs 1,932 crore), a move aimed at strengthening its consulting practice and increasing revenues from its European operations.
The acquisition, the biggest by Infosys so far, is expected to strengthen the consulting and systems integration (C&SI) capabilities of Infosys. The combined consulting practice focusing on enterprise solution SAP is likely to deliver revenues of more than $1 billion.
The buyout will "firmly establish Infosys among the global leaders in SAP consulting," Infosys CEO and Managing Director S D Shibulal said.
The all-cash deal is expected to be completed by October.
Speaking to reporters he said, "A key plank of our Infosys 3.0 strategy is to expand our C&SI. This acquisition fits perfectly into that strategy. Lodestone and Infosys share a culture of unwavering focus on nurturing and maintaining client trust."
Infosys C&SI business has more than 30,000 consultants across 10 industry verticals and accounts for 31 per cent of the company's revenue.

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