In India’s largest outbound M&A deal in the IT sector, Indian software firm Infosys Technologies will take over the British consultancy firm Axon for £407.1 million (US$748 million).
Infosys bought 100% of Axon’s equity with the aim of delisting the company from the London Stock Exchange. The M&A deal will be the biggest ever for Infosys. Axon is the world’s largest independent consultancy firm for systems, applications, and data processing software.
Osborne Clarke is advising Axon on the cash takeover by Infosys.
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