Infosys Technologies Ltd., a leading Indian technology services provider, said it has agreed to buy Axon Group PLC, a British consulting firm, for about $753 million.
The deal, which was announced Monday, is expected to close in November.
Axon specializes in implementation of SAP AG's enterprise software. It has about 2,000 employees and offices in Britain, North America, Malaysia and Australia.
Goldman Sachs analysts said Infosys has 2,100 consultants of its own among its 94,000 employees, and calculated that the deal could be "relatively neutral" to Infosys' bottom line.
The price of 407.1 million British pounds represents a 19 percent premium to the Friday closing price of Axon London-listed shares.
U.S.-listed shares of Infosys fell 98 cents, or 2.4 percent, to $40.58 in morning trading.
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