Axon acquires UCS' Enterprise Solutions division

by Editor 7/21/2009 5:00:00 PM
UK consulting firm Axon has bought the Enterprise Solutions unit of South Africa-based software company UCS for an initial R57m (GBP 4.35) in cash. If the Enterprise Solutions division is successful in meeting profit targets, the number could grow to R125m (GBP 9.5m). Both companies have strong ties with German business software developer SAP: HCL Axon specializes in SAP software, while Enterprise Solutions specializes in SAP implementation.

In spite of UCS' division's strong position in the South African market, the company believed that Enterprise Solutions could only achieve sustainable growth through a global partnership that would give it access to international clients and more skills. Axon fits the bill: the UK consultancy employs 4,500 SAP consultants around the globe.

Under the current deal, HCL Axon will get a bigger platform in South Africa, while UCS will be allowed to grow its international profits by providing maintenance services and support for a limited period of time. Some of the money from the deal could be used for future acquisitions, to fund UCS'organic growth.

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