Infosys to acquire consultancy firm GuideVision; stock rises 3%

NEW DELHI: Shares of Infosys NSE 4.04 % advanced 3 per cent in Monday’s session after the company said it has decided to acquire GuideVision, a Czech enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support.

The acquisition will cost Infosys 30 million euros including earn-out and bonuses. The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.