Infosys, a global leader in consulting and technology, today announced that it has completed the acquisition of Lodestone Holding AG, a leading global management consultancy firm for an aggregate enterprise value of USD 350 million in cash.
The completion of the acquisition, one of the largest by Infosys, was pending owing to certain terms on which boards of both the company had to form a consensus.
Some terms included post consolidation and management issues. On consolidation, Lodestone would operate as subsidiary of of the Indian IT giant and would be called "Infosys Lodestone" in Europe. Its CEO Ronald Hafner would continue to hold on to his position and BS Srinivas would be the new chairman.
Infosys was also waiting to get the anti-trust clearance for EU regulators. Post the acquisition, Innfosys will get the access to Lodestone's 200 clients in Germany and Europe, in the technology and traditional consulting business.
Linklaters LLP was the legal advisor to Infosys. UBS AG acted as the financial advisor and Baker & McKenzie was the legal advisor to Lodestone.