Mid caps expected to trump the large caps again, this time through acquisitions
In comparison, the acquisition volumes and the revenues the buyouts are set to fetch for five—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro
In comparison, the acquisition volumes and the revenues the buyouts are set to fetch for five—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd—of the six largest firms seem muted so far.
This year, Wipro is expected to add $136 million through its acquisition of Singapore-based Mindsprint, Olam Group's IT arm. Infosys is likely to add $319 million from its acquisitions of Florida-based Optimum Healthcare and New Jersey-based Stratus that serves the insurance sector.
On the other hand, the sixth-largest firm LTM Ltd is expected to complete the acquisition of Randstad’s technology and consulting business in France, Germany, Belgium, Luxembourg and Australia by September, for which it paid $186 million.
On completion, this is expected to add $500 million to LTM's annual revenue. The top six firms had collectively added $1.9 billion in incremental revenue last fiscal year.
The BriefWire