Just been talking to a contact of mine and he told me that one of the big Indian IT suppliers has tabled a bid to buy logica.
There has been talk over the last couple of years that an Indian IT giant would buy a big European supplier. Logica would be a great way for an Indian supplier to break into the UK public sector. There are currently no Indian suppliers in the government’s top 19 suppliers. But Logica is there.
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HCL acquired SAP service provider Axon for £441m in August 2008 but a takeover of Logica by an Indian supplier would be a much bigger deal. Last year Logica had about 40,000 employees and revenue of £3.7bn.
A senior Indian IT executive said that the likes of Logica, Steria and Capita as well as other similar companies have been targets for some time.