Axon buys US SAP consultancy for £12.5m
US revenue hike
Axon, the UK-based SAP consultancy, is beefing up its US business through the acquisition of Feanix Corporation for £12.5m in cash and shares.
Feanix was formed last year through an MBO of Xansa’s US SAP practice and generated $12.2m revenues in it first year of trading. It has "more than 85" consultants working with the likes of Sikorsky Aircraft, Pratt & Whitney and the Goodrich Corporation.
Axon claims a run rate of $20m revenues from the enlarged US business.
Press release here. ®