HCL Rattles Infosys with Rival Bid for Axon

Seeking to spoil fellow Indian software firm Infosys’ party, HCL Technologies has launched a rival – and higher – bid for UK SAP consultant Axon Group.

HCL Technologies has bid 441 million pounds ($814 million) in cash for the deal.

HCL’s bid comes in at 650 pence a share or 8.3% higher than Infosys’ bid of 600 pence a share.

Infosys said it’s considering its position and asked Axon shareholders not to take any action at this time.

The 2,000-man Axon Group provides SAP consultancy services to MNCs and has offices in the UK, North America, Malaysia and Australia.

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