Infosys acquires Axon Group (2008)
Infosys, then India's second-largest IT services firm, agreed to buy Axon Group, a UK-based ERP consultancy, for about £407 million (roughly $800 million). It was Infosys's biggest acquisition at the time and a bet on moving upmarket into business consulting.
The deal closed in late 2008 after Axon's largest shareholder accepted the bid, giving Infosys a UK-based consulting arm.
It marked Indian IT firms using Western acquisitions to enter new services and markets, a pattern that has continued.
Like Persistent buying Nagarro, it shows an Indian IT services group absorbing a Western firm to expand its footprint and capabilities.
