Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider Stater N.V.
Bengaluru (Karnataka) [India], May 24 (ANI): IT major Infosys has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75 per cent of the shareholding.
IT major Infosys has completed the formation of a strategic partnership with ABN Amro in the Netherlands by acquiring 75 per cent of the shareholding in their wholly-owned end-to-end mortgage administration service provider Stater NV. Stater is a market leader in the Benelux region, operating across.
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Infosys completes formation of strategic partnership with ABN AMRO in the Netherlands Infosys has acquired 75% of the shareholding in ABN AMROs wholly owned end-to-end mortgage administration service provider Stater N.V.
Indian IT Giant Infosys Completes Strategic Deal with ABN AMRO. One of the most remarkable success stories over the past three decades has been the continued rise of the information.
BENGALURU: Infosys is buying a controlling stake in Stater, the mortgage service unit of ABN AMRO Bank for Rs 1,000 crore (127.5 million), the third such deal for the software exporter after Salil Parekh took charge as its CEO. These deals will expand Infosys’ business in key growth regions of Japan and South East Asia as well as in the banking space in continental Europe.
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And we have put in place all the steps, look at the JVs (joint ventures) we have worked on (with Temasek and Hitachi), they are very strategic. from ABN-AMRO. Our play is to push on digital.
As part of the announced partnership, Infosys will acquire 75% of the shareholding in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage.
Partnerships Propel Growth Infosys has been strengthening its core competencies by pursuing strategic collaborations and acquisitions. The company is benefiting from solid deal wins. with Amsterdam.
Details of the deal, which is expected to complete in the second quarter of. and to around US$160bn in total. ABN Amro’s decision to sell the business follows a strategic decision to focus on.