Axon buys EnterSys for initial $7.5m in cash

Related Companies

Related Indices

Related Sectors

British Gas – Price Control 2011

PreviousPrevious
NextNext

Fix your energy bills until 2011.

We guarantee you peace of mind for 3 years, with no price premium to pay.

Find out more today! Advertisement

Date: Friday 02 May 2008

LONDON (ShareCast) - Business transformation consultancy firm Axon said its Axon Solutions unit has bought EnterSys, a leading provider of SAP consulting services to the oil, gas & chemical sector in North America, for an initial consideration of $7.5m in cash.

In addition, deferred cash consideration payments of $7.5m will be paid over the course of the next twelve months with up to $10m payable in cash based on the group's future business performance.

“Axon is already the largest independent SAP consultancy in the world, and we have driven significant growth in the Americas by leveraging our deep expertise in the Aerospace & Defence, Utilities, Transportation and Public Sector markets,” said chief executive Steve Cardell.

“The acquisition of EnterSys Group will create further opportunities for expansion into the Energy sector,” he added.


Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).