Indian IT major Infosys is set to acquire British consultancy Axon Group Plc. Infosys had been observed to be slow on acquisitions. The current acquisition is its third deal of the kind in three decades. But, with this deal it has been proved again that the IT majors of India are continuing to put a lot of emphasis on oversees acquisitions. TCS and Wipro are already on a similar spree. IT multinationals like IBM, Accenture and HP get an edge over their competitors because of their global delivery models. This helps in clinching major deals. So, an overseas acquisition generally helps an IT company to increase its consulting capability.

            The analysts feel that the Axon deal is “right-sized” and “right priced” for Infosys. They predict that the deal will strengthen the consulting business of Infosys, even amid global slowdown.