$350Mn Deal: Infosys, Wipro, TCS and HCL Tech Eyeing Acquisitions in Europe


Europe’s Big IT Markets: Germany and France

According to Chalons, Europe’s IT market is mainly dominated by companies from Germany and France. Today, the market is dominated by local service providers such as T-Systems of Germany, Atos and Capgemini of France and Tieto Oyj of Finland as well as IBM, HP and Accenture.

Indian IT-BPO industry expects a little fewer than 30 percent of European contribution of the $76 billion in exports that is anticipated to clock in the year to March 2013. Analysts and researchers agree upon the fact that Europe is a hot spot for Indian outsourcers due to its unpredicted economic turmoil and various pressures.

This is not the first time that Indian companies are eyeing the European market. Earlier Mumbai-based IT services company Geometric acquired German company 3cap Technologies GmbH for about $15 million.

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