HCL completes Axon buy
HCL Technologies, India’s leading Information Technology firm, today said it had completed the acquisition of UK’s leading SAP player Axon Group, reports Ruchi Hajela.business Updated: Dec 15, 2008 21:23 IST
HCL Technologies, India’s leading Information Technology firm, on Monday said it had completed the acquisition of UK’s leading SAP player Axon Group.
With this, HCL Tech is aiming to be amongst the top three SAP players in the world over the coming two years.
HCL Tech will add all of Axon’s 3,000 employees along with around 2,000 of its own SAP consultants. HCL Axon, the new entity will work as an independent entity under the HCL Technologies umbrella with the former CEO of Axon function as the president.
“We have retained the working culture, the brand, the management of Axon, they will be the leaders. The onus is on HCL Axon to leverage the strength of HCL and drive growth,” Vineet Nayar, chief executive officer of HCL Technologies told Hindustan Times.
“Results of the acquisition will show in a years’ time. If HCL has made the biggest acquisition that the Indian IT industry has seen, it is hell bent on making it successful,” said Nayar.