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Infoys announced a deal to acquire Lodestone Holding AG, a Zurich-based information technology services firm, for an aggregate enterprise value of 330 million Swiss Francs (US$349.4 million). The deal is set to close in October.
Lodestone will bring Infosys more than 850 employees, including 750 experienced SAP consultants. Lodestone will also add more than 200 clients.
The deal will boost Infosys’ presence in Europe and emerging markets in Latin America and Asia Pacific.