Infosys Tech. (INFY) Plans to Acquire Axon Group for $753M
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Infosys Technologies Limited (NASDAQ: INFY) today announced that it has agreed terms for a recommended cash offer for Axon Group plc, in a deal valued at US$753.1 million. The transfer of ownership to Infosys is expected to be completed by November 2008, subject to the Scheme of Arrangement becoming effective.
For the year ended 31 December 2007, Axon reported profit after taxation of $37.4 million on revenue of $378.3 million.
Infosys Technologies Limited is a global technology services firm that defines, designs and delivers information technology (IT)-enabled business solutions to its clients.
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