HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. HCL Technologies, the country’s fifth-largest tech firm, on Friday announced a counter-offer to acquire UKbased SAP consultancy Axon Group for about £441.1 million ($810.8 million) or 650 pence a share. Advanced. HCL and IBM expand alliance to help organizations with digital transformation. HCL Technologies Completes Acquisition Of AXON Group Monday 15th December 2008 This appears to be the largest acquisition in the tech space by an Indian company. Use the PitchBook Platform to explore the full profile. HCL hat jedoch nicht offen gelegt, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu steigern. 3 ‘HCL AXON’ is the new entity post successful acquisition of Axon by HCL. We need companies who think like we think. Windows 10's new optional updates explained, How to manage multiple cloud collaboration tools in a WFH world, Windows hackers target COVID-19 vaccine efforts, Salesforce acquisition: What Slack users should know, How to protect Windows 10 PCs from ransomware, Windows 10 recovery, revisited: The new way to perform a clean install, 10 open-source videoconferencing tools for business. The merger will allow HCL to address the about $23 billion market per year for SAP services, said Vineet Nayar, CEO of HCL in a conference call Monday. The case examines the acquisition of the UK-based SAP consultancy company Axon Group Plc. 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. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Our delivery model integrates on-site business transformation consulting services with near and offshore technical development and support to make sure our clients receive the ideal systems integration solutions at the right price. Aug 19, 2011 . C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world. Copyright © 2008 IDG Communications, Inc. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. HCL Axon acquired by HCL Armagh . This offer was subsequently beaten by a rival offer for £441m by HCL Technologies. HCL Technologies, India’s fifth-largest IT software and services provider, said it has completed its £440 million (around Rs 3,100 crore) cash offer for UK-based SAP consulting company, Axon Group Plc -- the country's largest overseas acquisition in the IT space. Log In. TCS sole bidder for UK personal project Where to start? HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. It agreed to be acquired. Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. From our TASER smart weapons, to police body cameras, to our industry-leading cloud-based evidence management software, we are the world’s premier public safety company and are committed to delivering safe, secure solutions for law enforcement, militaries, and citizens alike. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. Lists Featuring This Company. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Latest At HCL. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. To the Axon acquisition will help HCL become a brand name in the IT universe. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. Axon is known for consulting services based on business software created by Germany's SAP. HCL EAS Limited (HCL EAS): A private company wholly owned by HCL Bermuda, HCL EAS was incorporated in the United Kingdom for the sole purpose of acquisition of Axon Group plc. Announced Date Oct 1, 2015; Stay Connected. Axon Group plc. In reality he saw that the reason for purchasing AXON was because they were good at what they did, in fact better at it than HCL and the company would gain more value from learning from AXON and how it was being successful. HCL Group. HCL Technologies has acquired 19 companies, including 12 in the last 5 years. New Delhi/London: HCL Technologies has completed the acquisition of UK-based consulting Axon Group Plc for £441.1 million, making it the largest acquisition in tech space by any Indian company. Read More . Products. Subscribe to access expert insight on business technology - in an ad-free environment. We use cookies on our site. But, once the two companies came together, HCL Tech was pulling AXON into every deal by deploying high-priced consultants. HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India.It is a subsidiary of HCL Enterprise. A total of 6 acquisitions came from private equity firms.It has also divested 2 assets.. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B.HCL Technologies has acquired in 9 different US states, and 4 countries. On December 15, 2008, HCL Technologies (HCL) announced its acquisition of AXON Group Plc (Axon), a UK-based consulting firm, to tap the potential in the lucrative SAP market. Pedagogical Objectives: To the need for M&As for companies who want to grow globally. As a result of the appreciation of the dollar against the U.K. pound, HCL paid $658 million on closure of the deal, which was far lower than the estimated $800 million it looked like it would pay in September, he added. We will treat any information you submit with us as confidential. Pricing. Oct 01, 2020. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Products. HCL Technologies, the country’s fifth-largest tech firm, on Friday announced a counter-offer to acquire UKbased SAP consultancy Axon Group for about £441.1 million ($810.8 million) or 650 pence a share. HCL outbid Infosys in September when it announced that it had made a cash offer for Axon that valued its entire issued and to-be-issued share capital at £441.1 million. HCL Axon acquired by HCL Armagh . HCL Technologies has acquired 19 companies, including 12 in the last 5 years. Acquired by . NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. The second largest software services provider infosys technology was also interested for the acquisition but dropped the idea of outbid HCL. The deal will help HCL grow its business in Europe, Pai said. This acquisition also expands HCL Axon’s global footprint. Try Pro free Solutions. Axon will exist as a separate entity called HCL Axon. The merger of Axon and HCL SAP practice presents a great opportunity to bring new capabilities to the market with a truly global delivery model providing the full lifecycle suite of services - fitting into HCL’s Blue Ocean strategy perfectly. The deal combines Axon's expertise in business consulting with HCL's other services for the SAP market delivered at a lower cost from India, Pai added. You buy for the leverage and we continue to be on the lookout. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Axon's skills complement HCL's capabilities in the areas of application maintenance and infrastructure management, said Ram Krishna, corporate vice president and head of enterprise application services at HCL. With HCL’s acquisition of AXON Nayar saw the common mistake most companies make is to force their ideas and thoughts onto the newly purchased company and force it to adapt. of countries. Travel, Transport, Logistics & Hospitality, Actian Avalanche Hybrid Cloud Data Platform, https://www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf, https://www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest. HCL Completes Acquisition of Axon. John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. Try Pro free Solutions. Search Crunchbase. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. Copyright © 2020 IDG Communications, Inc. Resources. Advanced. HCL AXON is a UK-based consultancy which sells its services to customers using SAP and Oracle as their Enterprise Resource Planning system modeling tools. Contd. List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. Established in 1976 as one of India’s original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Indian outsourcers are expanding in Europe to reduce their dependence on the U.S., their largest market. INDIA’S largest tech acquisition bid just got bigger. Aug 19, 2011 . Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. Prior to Axon, Jeff served as Vice President (VP) of Amazon’s Alexa Entertainment and led Alexa’s global experience, developer platform, and strategic partnerships for music, video, and podcasts across over 100 million Alexa-enabled devices. Please read more about them here. Axon was a transformative acquisition for HCL. In August 2008 Infosys Technologies offered £407m to acquire the business. HCL announced the acquisition of Axon on December 15, 2008 for 440 million. HCL Armagh . Resources. HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020. But, our general preference in acquisitions is based on the string of pearls idea. The acquisition makes HCL's SAP … Announced Date Oct 1, 2015; Stay Connected. The purchase augmented HCL’s Enterprise Application Services (EAS) unit, which made up 11% of its revenue. The case analyses HCL's strategy in this context, analysing the need for mergers and acquisitions (M&As) during an economic downturn. The last major acquisition it made was in 2008 with the purchase of UK SAP consultancy Axon Group for £441 million ($659 million). According to 451 Research authored by Research Director Matt Aslett, through the Actian acquisition HCL Technologies has added new data management and -processing capabilities to its wider portfolio. NEW DELHI: The country’s third largest software services firm HCL Technologies NSE -3.44 % has announced that it is acquiring select IBM software products for $1.8 billion. HCL offered to buy Axon for 650 pence a share in cash on September 26, an 8.3% premium to the 600 pence per share offer Infosys had made six days earlier. HCL Eliminating our benefits, firing all non-consulting US staff, no communication, the list is endless. Initially, Infosys Technologies Limited (Infosys), the second largest IT company in India, planned to acquire Axon. Bangalore Correspondent, Indian company HCL Technologies has completed the acquisition of UK-based consulting Axon Group for GBP 441.1 million (468.3 million Euro,) making it the largest acquisition in tech space by any Indian company, it was reported. HCL Technologies completes acquisition of AXON Group plc Is the largest acquisition in the Tech space by an Indian company NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. As a result of the skills brought by the Axon team, the new combined entity, HCL Axon, will pursue business of about $1.2 billion, Nayar said. The move by HCL reflects a trend for IT services companies to merge to aim to become full-service providers, said Siddharth Pai, a partner at outsourcing consultancy firm, Technology Partners International (TPI). Acquired by . NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. Previously listed on the London Stock Exchange, and a FTSE 250 Index constituent, the company has been a subsidiary of Indian outsourcing firm HCL Technologies since December 2008, after the reverse merger of Axon Group and HCL SAP practice. The acquisition of AXON by HCL Tech had its share of drama. Starting with the Axon acquisition a decade ago, HCL has created a strong foothold for SAP offerings in the U.K. market and continues with its SAP Cloud Natives Lab and related innovation practices in the U.K. HCL has around 900 SAP practitioners and 350 SAP HANA certified consultants working in London and Egham, U.K., today. HCL promotes the controversial ‘employee first’ concept. HCL did not, however, disclose how much it expects Axon business to add to its annual revenue. Share on Facebook; ... "Good experience at HCL Axon, formerly known as Axon … Search Crunchbase. ; Meanwhile, Palo Alto based Actian that has had a lot of customer wins gets a new parent company with deeper financial pockets and potential for multiple partnership opportunities. 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