Infosys has announced that it has agreed terms for a cash offer for UK-based SAP consulting company, Axon Group. The £407 million deal could be completed as early as November 2008.

Commenting on the transaction, Kris Gopalakrishnan, CEO of Infosys said, "We are excited about this acquisition. We hold the management and employees of Axon in high regard and look forward to welcoming them to the Infosys Group".