Infosys completes acquisition of India IT centre of Nordic-based Danske Bank

Indian IT giant Infosys has completed the acquisition of Danske Bank’s IT centre in India. In June, India’s No.2 IT services provider, signed a $454-million contract with Denmark’s Danske Bank. Infosys said in a regulatory filing that it bagged a digital transformation deal with Danske Bank for a period of five years. Headquartered in Denmark, Danske Bank provides banking services to personal and business customers, as well as large corporate and institutional customers.

What is the deal about
The deal, which can be extended for three additional years, is to accelerate the Nordic-based bank’s digital transformation initiatives with scale.