India's Outsourcing Firms Eye M&A to Boost Growth

by CFO Innovation Staff, 26 November 2009

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In the face of commoditization of their services, India's outsourcing companies are looking to expand through mergers and acquisitions, reports Reuters.

According to Reuters, India's outsourcing companies--such as Infosys and Wipro--are now eyeing deals as a way to enhance scale, acquire domain expertise and increase their competitiveness.

"If we do an acquisition, it will be impactful and strategic," says Suresh Vaswani, joint CEO of Wipro's IT business, at the Reuters India Investment Summit.

While Wipro focuses on large acquisitions, rival Infosys Technologies Ltd. may look at buying small companies in consulting, back office, healthcare and utilities segments, says Reuters.

"We look at small, niche acquisitions which will help us to penetrate certain geographies much faster, grow certain verticals much faster, grow certain services much faster," says Infosys CFO V. Balakrishnan.

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Indian outsourcers show signs of M&A appetite

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Indian outsourcers show signs of M&A appetite

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