Infosys buys 75% in ABN Amro arm for Rs 1,000 crore

BENGALURU: Infosys is buying a 75% stake in Stater, a wholly-owned subsidiary of ABN Amro Bank, for $143 million (about Rs 1,000 crore). ABN Amro will continue to hold the remaining 25%.
The acquisition will strengthen Infosys’s capabilities in mortgage administration services in the Netherlands, Belgium and Germany. Stater is a market leader in the Benelux region, operating across the mortgage and consumer lending value chain with deep capabilities in digital origination, servicing and collection, a company release said.
Stater, founded in 1997, services 1.7 million mortgage and insurance loans for approximately 50 clients in the Netherlands and Belgium. Infosys will drive the digital transformation road map of Stater with accelerators such as dynamic workflow, API layers, robotic process automation, and analytics.