One of India’s largest software services provider Infosys announced the deal for the acquisition of Finland-based salesforce advisor firm Fluido. The amount of the deal is expected to be around $76 million (euro 65 million).
This acquisition will mark the second acquisition of the IT giant Infosys this year. In April, the firm announced the acquisition of US-based consultancy company WongDoody for $75 million.
This particular deal will help boost the company’s cloud capabilities, a key part of its digital strategy, and help it grow in Northern Europe.
“This acquisition demonstrates Infosys’ commitment to the Salesforce ecosystem to address our client’s digital priorities…This acquisition also aligns to our efforts to invest in local capabilities in the regions in which we operate,” Ravi Kumar S, President and Deputy Chief Operating Officer stated.
The company stated that the deal value includes earn-out, management incentives and bonuses. Also, the company claimed that Fluido is an important Salesforce consulting partner in the Nordics and also a leader in cloud consulting, implementation and training services.
Founded in 2010, Fluido is a Finland-based company headquartered at Espoo and has offices in Denmark, Sweden, Norway and Slovakia. The company has customers across industries such as manufacturing, energy, retail and telecommunications. It is majority owned by its management team and CapMan private equity, with Salesforce’s venture arm also owning a minority stake in the company.
This acquisition deal is expected to close during the October-December quarter, subject to customary closing conditions. Bengaluru-based Infosys is currently in the process of seeking buyers for three of its subsidiaries.