Infosys to Acquire Finnish Company Fluido for $76 Million

Indian tech company Infosys has announced its acquisition of Fluido, a Salesforce adviser company in the Nordics in Europe, for $76 million (Rs 545 crore/  65 million euros).

Finland-based Fluido, which is headquartered in Espoo, is a Salesforce consulting partner that offers cloud consulting, implementation, and training services.

The acquisition, expected to close during the third quarter of fiscal 2019, subject to customary closing conditions, will strengthen “Infosys’ position as a leading Salesforce enterprise cloud services provider and enhances its ability to provide clients an unparalleled cloud-first transformation,” the company said in a statement.

“This acquisition demonstrates Infosys’ commitment to the Salesforce ecosystem to address our client’s digital priorities. Fluido will be an important addition to the Infosys family, bringing a unique combination of market presence, deep salesforce expertise, agile delivery and training, that combined with our existing capabilities will help companies reimagine and transform their businesses,” Ravi Kumar, President and Deputy COO of Infosys, said in the statement.

Today, we announced a definitive agreement to acquire Fluido, the leading #Salesforce advisor & #consulting partner in Nordics and a recognized leader in #CloudConsulting, implementation & training services. Welcome to the family, @FluidoTweets https://t.co/UPPFkvvAEk #InfyNews pic.twitter.com/OoqEe48xWD

— Infosys (@Infosys) September 14, 2018

Fluido has a strong presence in Finland, Denmark, Sweden, Norway and Slovakia. Its customers are represented across industries, such as manufacturing, energy, retail and telecommunications, to whom the firm delivers services that span from strategy consulting to implementation and training. 

“Over the past eight years Fluido customers have seen tremendous success as the scope of our Salesforce deliveries have grown. With Infosys we will now be able to provide truly global scalable services while maintaining the close relationship with our customers,” Fluido founder and CEO, Kai Mäkelä stated.  

Infosys has been expanding its global footprint with an array of new projects, including opening of new innovation hubs, employing local workers, and training them individually to suit the company’s requirements in various countries.  

Earlier this year, Infosys acquired U.S-based digital creative and consumer insight agency WongDoody for $75 million. It also established a new Digital Center of Excellence in Marseille, France, in June. The center will offer Infosys’ digital offerings to companies in France.

Last month, the Bengaluru-based firm set up a new technology and innovation hub in Raleigh, North Carolina. The hub, inaugurated on Aug. 22, aims to help the firm work more closely with clients in the region to develop cross-functional solutions to business challenges in areas such as as machine learning, artificial intelligence, user experience and advanced digital technologies, including big data and cloud.