Satyam buys Belgium-based consultancy
posted in Outsourcing News and Top Outsourcing deals |Source: timesofindia.indiatimes.com
MUMBAI: Satyam Computer Services Ltd, India’s No. 4 software-services exporter, said on Monday it had acquired Belgium-based S&V Management Consultants for $35.5 million in an all-cash deal.
The supply-chain management firm services clients in the manufacturing and pharmaceutical industries, it said. Satyam also acquired construction equipment maker Caterpillar Inc’s market research and customer analytics operations for $60 million in an all-cash deal, it said.
Satyam will service Caterpillar’s new product development, customer survey execution and other areas, it said. “It accelerates development of our business transformation capabilities and enhances our end-to-end business solutions — from strategy on through to BPO” Satyam chairman B Ramalinga Raju said Satyam earlier reported on Monday that an 18.5% rise in quarterly profit to Rs 467 crore ($117 million), lagging forecasts, as a slowdown in the US crimped outsourcing deals.
