Financial Times FT.com

Infosys buys Axon Group for £407m

BANGALORE, Aug 25 - Infosys Technologies said on Monday it had agreed to buy British consultancy Axon Group Plc for £407m (US$753m) as India’s second-biggest software services exporter looks for growth beyond an uncertain U.S. market.

The cash deal values Axon at £6 per share, a 19.4 per cent premium over Friday’s close of £5.025 and 33 per cent over the average price of the last six months, Infosys CEO Kris Gopalakrishnan said.

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