Infosys, India’s second largest IT services firm, will acquire Finland-based Fluido. In a statement Infosys released on Friday, a deal is worth up to EUR 65 million (over Rs 544 crore).
The acquisition is expected to close during the third quarter of fiscal 2019, subject to customary closing conditions, Infosys said in the statement.
“…this acquisition strengthens Infosys’ position as a leading Salesforce enterprise cloud services provider and enhances its ability to provide clients an unparalleled cloud-first transformation…The acquisition strengthens Infosys’ presence in the Nordics region,” it added.
Headquartered at Espoo in Finland, Fluido is one of the largest Salesforce (software company) consulting partners in Europe. It is majority-owned by its management team and CapMan private equity, with Salesforce Ventures having a minority stake. Its offerings include cloud consulting, implementation and training services.
Founded in 2010, Fluido has offices in Finland, Denmark, Sweden, Norway and Slovakia. Its customers span industries like manufacturing, energy, retail and telecommunications.