Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. This acquisition also expands HCL Axon’s global footprint. Information on acquisition, funding, investors, and executives for HCL Axon. 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. 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. Aug 19, 2011 . Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. 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). HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. August 25, 2008 Formal bid made by Infosys for acquisition of Axon for GBP 407.1 million (600 pence per share). Cons. HCL has a long history of experience in ensuring smooth integration and preserving the unique identity and character of the companies we acquire, and we welcome AXON employees into the HCL family in the form of HCL AXON”, said Vineet Nayar, CEO and Member of the Board, HCL Technologies. The case examines the acquisition of the UK-based SAP consultancy company Axon Group Plc. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. 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. Axon had gained expertise in delivering SAP enabled business solutions and it offered consultancy services to leading multinational companies in no. Advanced. 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. 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. 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. 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 Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. 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. INDIA’S largest tech acquisition bid just got bigger. HCL funded the transaction in U.S. dollars, Nayar said. Read More . John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Announced Date Oct 1, 2015; Stay Connected. The acquisition of AXON by HCL Tech had its share of drama. HCL provides software and services to U.S. Federal Government customers through its partner ImmixGroup, Inc. Acquisition search results. Axon was a transformative acquisition for HCL. Products. This case examines the acquisition of the UK-based SAP (System Application Products) consultancy company Axon Group Plc by India-based IT software development company, HCL Technologies Limited. 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. Northeastern US Information Technology Companies . Added Steve Cardell, HCL Axon president: “HCL Axon has enormous potential, given the complementary strengths of both companies.” Some industry analysts earlier argued that acquiring Axon would not be a good bet for HCL as it would be difficult to make the acquisition work out … 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. It acquired Feanix in 2005. Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. TCS sole bidder for UK personal project Axon will exist as a separate entity called HCL Axon. 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. In December 2008, HCL Technologies Limited acquired the Company. Subscribe to access expert insight on business technology - in an ad-free environment. HCL completes Axon acquisition National,Business, Mon, 15 Dec 2008 IANS New Delhi, Dec 15 (IANS) HCL Technologies Monday announced it has successfully acquired leading UK-based SAP consulting company, Axon Group, for 440 million pounds in an all-cash deal. Pricing. Latest At HCL. 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. ; 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. HCL promotes the controversial ‘employee first’ concept. 4 HCL leveraged itself to fund the acquisition of Axon by availing of a loan of GBP 400 million from SCB at USD LIBOR rate of 6.5% interest. The acquisition makes HCL's SAP … Try Pro free Solutions. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . 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. Save Search . 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. Search Crunchbase. Resources. Pricing. You must have JavaScript enabled to use this form. To the Axon acquisition will help HCL become a brand name in the IT universe. 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. It has also divested 2 assets. HCL announced the acquisition of Axon on December 15, 2008 for 440 million. HCL AXON is the world's largest services provider dedicated to SAP solutions, it said. Products. 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. Axon Group plc. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. Track . Resources. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. NEW DELHI: The country’s third largest software services firm HCL Technologies has announced that it is acquiring select IBM software products for $1.8 billion. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services 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. C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world. Lists Featuring This Company. January 2008 HCL initiates negotiations for acquisition of Axon. Acquisition search results. HCL EAS has entered into a senior facility agreement with SCB as being the NEW DELHI, Nov 24 (Reuters) - HCL Technologies sees its margins shaved by the acquisition of British software firm Axon Ltd AXO.L, its chief executive said on Monday.Axon … 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. Indian outsourcer HCL Technologies has completed its £441 million (US$658 million) cash offer for Axon Group, an SAP consulting company in the U.K. and Axon will be delisted from the London Stock Exchange Tuesday. 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