Infosys acquires Lodestone Holding AG

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Infosys acquires Lodestone Holding AG
Infosys: Quotes, News
BSE 949.90BSE Quote71.25 (7.50%)
NSE 949.55NSE Quote71.3 (7.51%)
Infosys, a global leader in consulting and technology, announced that it has completed the acquisition of Lodestone Holding AG, a leading management consultancy based in Switzerland.

The acquisition is in accordance with the terms set out in the agreement announced on September 10agreement announced on September 10agreement announced on September 10agreement announced on September 10.

The deal strengthens the management consulting capabilities of Infosys around the world, adding more than 750 experienced consultants and 200 clients in wide-ranging areas such as manufacturing and the automotive and life sciences industries, the company said in the press release.

"Our clients are looking for help driving the transformations that will allow them to be successful in a challenging and dynamic market," said Mr. S.D. Shibulal, CEO & Managing Director, Infosys.

"Combining our global scale with Lodestone's consulting heritage creates a world-class team that can bring clients a broad spectrum of capabilities across consulting, systems integration, and outsourcing."

Shares of the compnay were seen trading at Rs 2368, lower by 0.80% on BSE at 10.35 am IST.

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