Global technology consulting company Infosys has agreed to acquire Lodestone Holding AG, a global management consultancy firm for an aggregate enterprise value of $330 Million in cash.
The Zurich based Lodestone advises international companies on strategy and process optimization, and provides business transformation solutions enabled by SAP.
Upon completion, the acquisition of Lodestone will strengthen Infosys Consulting and Systems Integration (C&SI) capabilities, by bringing more than 850 employees, including 750 experienced SAP consultants to the company. Lodestone will add more than 200 clients across industries including Manufacturing, Automotive and Life Sciences, to the Infosys pool of over 700 clients. Post-acquisition, the combined Consulting practice focusing on SAP programs will deliver revenues of more than $1 Billion, firmly establishing Infosys amongst the global leaders in SAP consulting.