Infosys to Pursue Further Acquisitions After Recent Technology Deals, Says CEO Salil Parekh

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Following two acquisitions this year, Infosys, India’s second-largest IT services company, is actively seeking more opportunities and is open to acquiring firms of a similar scale to its recent tech purchase.

In an interview with PTI, Infosys CEO Salil Parekh expressed the company’s interest in acquisitions within fields such as data analytics and SAAS and mentioned potential opportunities in Europe and the US.

When asked if future acquisitions might match the scale of the In-Tech deal, which was valued at 450 million euros, Parekh responded, “Absolutely. We are looking at acquisitions of that size, and with our current structure, we could manage several of them.”

In January, Infosys announced it had reached a definitive agreement to acquire 100 percent of InSemi Technology Services, a semiconductor design services company based in India. The total consideration, including earn-outs, management incentives, and retention bonuses, amounted to up to Rs 280 crore.