Global leader in next-generation digital services and consulting, Infosys on Wednesday said it will acquire Denmark-based BASE life science for EUR 110 million in an all-cash deal.
The acquisition will deepen Infosys' expertise in life
sciences domain as well as strengthen its footprint across Europe.
"This acquisition augments Infosys' deep life sciences
expertise, and expands our footprint further in the Nordics region and across Europe,
and scales our digital transformation capabilities with cloud-based industry
solutions.
"We are excited to welcome BASE life science and its
leadership team into the Infosys family," Infosys president Ravi Kumar S
said.
The deal is expected to close during the second quarter of
current fiscal.
BASE brings to Infosys, domain experts with commercial,
medical, digital marketing, clinical, regulatory, and quality knowhow.
"Backed by a team of data science specialists, BASE is
at the frontier of the latest technological developments and trends. It has a
strong focus on Data & AI, and the ability to bridge and integrate business
logic and technology, driving insights for better health outcomes.
"The company has about 200 of the finest,
multidisciplinary industry experts across Denmark, Switzerland, UK, Germany,
France, Italy, and a nearshore technology hub in Spain," the filing said.
Together with Infosys, BASE will further expand its
portfolio of expertise into Consumer Health, Animal Health, MedTech and Genomics
segments.
"With Infosys as our catalyst, we will be able to
accelerate our expansion internationally and create development opportunities
for our people," BASE life science CEO Martin Woergaard said.
In May this year, Infosys joined the corporate boycott of
Russia over the invasion of Ukraine, saying it would move its business out of
the country and pursue alternate options.
The move aligns India's No. 2 software services firm with
several global peers such as Oracle and SAP SE and was disclosed alongside a
strong earnings report.
Speaking to media at its Bengaluru headquarters, Infosys
said it expected annual revenue growth of 13 percent to 15 percent in
constant-currency terms as it wins more contracts from global businesses
expanding their digital presence.