Infosys to acquire US-based MRE Consulting; transfer 2% stake in Japanese JV
This story was originally published at 19:59 IST on 18 April 2025
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--Infosys board OKs acquiring MRE Consulting
--Infosys to buy MRE Consulting for up to $36 mln
--Infosys to buy The Missing Link for up to A$98 mln
AHMEDABAD - The board of Infosys Ltd. has approved the acquisition of a US-based technology and business consulting service provider MRE Consulting Ltd for $36 million and Australian cybersecurity services specialist firm The Missing Link for Australian $98 million (approx $62.5 million). Apart from this, Infosys will also divest 2% stake in a joint venture with Mitsubishi Heavy Industries for 150 million yen (approx) $1.1 million, the company said in an exchange filing.
Infosys Nova Holdings LLC, a wholly owned subsidiary of Infosys, would buy MRE Consulting. Founded in 1994, the Houston-headquartered firm provides technology and business consulting services to the energy, resources and utilities industries. It specialises in business advisory and digital transformation for energy and commodity trading and risk management. MRE Consulting will also bring a team of over 200 professionals to Infosys.
The acquisition of MRE Consulting is expected to close during June quarter of 2025-26 (Apr-Mar) and to consummate the transaction, Infosys Nova Holdings LLC will simultaneously incorporate a wholly owned subsidiary, Infosys Energy Consulting Services LLC., in the US, Inofys said.
Infosys board also gave a go ahead to buy The Missing Link, an Australian cybersecurity services specialist firm with capabilities across the full stack of cyber solutions. This company would be acquired by Infosys Singapore Pte Ltd., a wholly owned subsidiary of Infosys. Separately, Infosys Singapore Pte Ltd. will incorporate a wholly owned subsidiary in Australia.
Infosys hopes to complete the acquisition of this 1997-established Australian firm by Jun. 30 and seeks to strengthen its cybersecurity capabilities and bolster its presence in Australia via this.
In another development, the board of Infosys also approved transferring 2% stake in HIPUS Co., one of its joint ventures in Japan, to Mitsubishi Heavy Industries Ltd., for a sum of 150 million yen. HIPUS is a joint venture between Infosys Singapore, Hitachi, Panasonic, and Pasona. Infosys Singapore currently owns 81% stake in the joint venture, Hitachi 15%, Panasonic 2%, and Pasona 2%.
Mitsubishi is one of the leading industrial groups from across the world in the field of energy, smart infrastructure, industrial machinery, aerospace, and defence. Mitsubishi has also been a long-standing customer of HIPUS and its purchase of 2% stake would help Infosys enhance its presence in Japan, Infosys said. On Thursday, shares of Infosys closed at INR 1,419.50 on the National Stock Exchange, up 0.5%. End
US$1 = INR 85.37
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sunil Raghu
Edited by Deepshikha Bhardwaj
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