Infosys completes Fluido acquisition

India’s second largest IT services company Infosys on Saturday said it has completed the acquisition of Finlandbased firm Fluido.

In September, Infosys had said it would acquire Fluido in a deal worth up to ^65 million (over ~5.45 billion), including earn-out, management incentives and bonuses.

Through this acquisition, Infosys strengthens its position as a leading Salesforce enterprise cloud services provider, and enhances its ability to provide clients with ‘cloud-first’ transformation, it said in a regulatory filing on Saturday. “With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys’ presence across the Nordic region with developed assets and deep client relationships, a great team and an effective local culture,” the company added.

Fluido customers are represented across industries, such as manufacturing, energy, retail and telecommunications sector, it noted.

“Fluido brings to Infosys globally recognised Salesforce expertise, alongside a worldclass agile delivery process that simultaneously simplifies and scales digital efforts across channels and touch points,” the statement said.

Founded in 2010, Fluido is one of the largest Salesforce (software company) consulting partners in Europe.

It was majority-owned by its management team and CapMan, with Salesforce having a minority stake in it.