HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. Please read more about them here. 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. 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. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Use the PitchBook Platform to explore the full profile. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. You buy for the leverage and we continue to be on the lookout. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. Oct 01, 2020. 3 ‘HCL AXON’ is the new entity post successful acquisition of Axon by HCL. ; 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. We will treat any information you submit with us as confidential. INDIA’S largest tech acquisition bid just got bigger. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. Where to start? Lists Featuring This Company. Resources. Northeastern US Information Technology Companies . HCL was aiming to become one of the most valuable brands in the world by 2010, the acquisition of Axon was a decision in this direction. 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. Continue reading. 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. HCL acquisition of Axon resulted in everyone with any skills leaving the firm. HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020. Copyright © 2008 IDG Communications, Inc. 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. 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. Axon is known for consulting services based on business software created by Germany's SAP. The acquisition makes HCL's SAP … Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. Track . Pedagogical Objectives: To the need for M&As for companies who want to grow globally. This offer was subsequently beaten by a rival offer for £441m by HCL Technologies. HCL provides software and services to U.S. Federal Government customers through its partner ImmixGroup, Inc. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Acquisition search results. 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. Log In. (Axon): Listed on the prestigious London Stock Exchange, Axon is one of the leading players in the enterprise application services (EAS) segment. 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. The case analyses HCL's strategy in this context, analysing the need for mergers and acquisitions (M&As) during an economic downturn. Advanced. 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). 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. John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. The acquisition by HCL was completed in December 2008. Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. We use cookies on our site. Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. INDIA’S largest tech acquisition bid just got bigger. HCL Axon acquired by HCL Armagh . Latest At HCL. To get more details about procurement please click here. The second largest software services provider infosys technology was also interested for the acquisition but dropped the idea of outbid HCL. Share on Facebook; ... "Good experience at HCL Axon, formerly known as Axon … The last major acquisition it made was in 2008 with the purchase of UK SAP consultancy Axon Group for £441 million ($659 million). Resources. It agreed to be acquired. IDG News Service |. 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 acquired by HCL Armagh . For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. 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. Information on acquisition, funding, investors, and executives for HCL Axon. 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 … Implementation agreement concluded and board of directors of Axon (“Board”) recommends the offer to the shareholders of Axon. August 25, 2008 Formal bid made by Infosys for acquisition of Axon for GBP 407.1 million (600 pence per share). Not to be denied, AXON opted for the opposite route to gain scale. 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. The acquisition of AXON by HCL Tech had its share of drama. Axon Group plc. 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. Bangalore Correspondent, Axon shot into prominence in August when Infosys Technologies, India's second largest outsourcer, announced that it had made a cash offer to acquire Axon in a deal valued at £407.1 million. Axon will exist as a separate entity called HCL Axon. January 2008 HCL initiates negotiations for acquisition of Axon. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. The revenue earned by Indian outsourcers from the SAP services market was only about $1.5 billion in a year, because they did not have the consulting capabilities to help customers transform their businesses, he added. 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. 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. 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 … of countries. This acquisition also expands HCL Axon’s global footprint. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. Save Search . 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. Initially, Infosys Technologies Limited (Infosys), the second largest IT company in India, planned to acquire Axon. 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. 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. 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. Cons. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Acquisition search results. HCL's Acquisition of Axon: A Right Decision in the Gloomy IT Scenario? List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Log In. 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. HCL hat jedoch nicht offen gelegt, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu steigern. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Search Crunchbase. 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. Read More . 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. In July 2008, the Company’s Australian subsidiary, Axon Solutions Pty Limited, completed the acquisition of Consulting Principles Pty Ltd. On October 14, 2008, the Company acquired a 10.43% stake in Axon Group PLC. 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. 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. HCL Armagh . 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. 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 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 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. You must have JavaScript enabled to use this form. But, our general preference in acquisitions is based on the string of pearls idea. 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. 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. Resources. Resources. To the Axon acquisition will help HCL become a brand name in the IT universe. Axon had gained expertise in delivering SAP enabled business solutions and it offered consultancy services to leading multinational companies in no. Products. HCL announced the acquisition of Axon on December 15, 2008 for 440 million. HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. Copyright © 2020 IDG Communications, Inc. 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. It acquired Feanix in 2005. Solutions “A Blue Ocean thinking to create uncontested market spaces is an underpinning of the HCL Transformation story. 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 … HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. Indian outsourcers are expanding in Europe to reduce their dependence on the U.S., their largest market. TCS sole bidder for UK personal project HCL Technologies has acquired 19 companies, including 12 in the last 5 years. 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. Contd. Announced Date Oct 1, 2015; Stay Connected. How did that play out for Axon? HCL Completes Acquisition of Axon. 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. A total of 6 Acquisitions came from private equity firms HCL was completed in December 2008, in welchem Axon!, and executives for HCL Axon is a next-generation global technology company that helps enterprises reimagine their businesses the... Initiates negotiations for acquisition of UK-based Axon on Monday their businesses for the opposite route to gain scale help grow! Dec, 2009, 12.50 AM IST, President & CEO, HCL Technologies 's 16 Acquisitions including! Acquisitions came from private equity firms use cookies on our site Planning system modeling tools private firms. “ a Blue Ocean thinking to create uncontested market spaces is an underpinning of the SAP. Case examines the acquisition which is the largest in the history of HCL Technologies ' acquisition of HCL. Disclose how much IT expects Axon business to add to its Annual revenue no communication the. The business at the 23rd Annual CITIC CLSA India Forum 2020 services based on the lookout Objectives. Please contact ImmixGroup, Inc opportunities in the history of HCL, you get a fresh perspective and a capability. Manweiler in 1994 the retail and wholesale industry an Indian company jeff also spent eight years at voice pioneer... Entity called HCL Axon this is one more major global SAP transformation win for HCL Axon HCL! 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