Monday, April 21, 2008

Satyam Computer buys consultancy, Caterpillar arm

Satyam Computer Services Ltd has acquired Belgium-based S&V Management Consultants for $35.5 million (Rs142 crore) in an all-cash deal.The supply-chain management firm services clients in the manufacturing and pharmaceutical industries.

Satyam also acquired construction equipment maker Caterpillar Inc.’s market research and customer analytics operations for $60 million in an all-cash deal.Satyam will service Caterpillar’s new product development, customer survey execution and other areas.

Satyam earlier reported an 18.5% rise in quarterly profit on Monday to Rs4.67 billion ($117 million), lagging forecasts, as a slowdown in the United States crimped outsourcing deals.

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