India-based information technology (IT) and consulting firm Infosys has agreed to acquire BASE life science, in a transaction valued at €110m.
Based in Denmark, BASE is engaged in providing technology, product and consultancy services for the life sciences industry in Europe.
Infosys Pyramid in Bangalore, India. (Credit: Ashwin Kumar/Wikipedia)
Through the acquisition, Infosys aims to provide global life sciences companies with cloud-first digital platforms and data, and help them ramp up clinical trials and drug development.
Also, the company will benefit from BASE’s domain experts with proficiency in commercial, medical, digital marketing, clinical, regulatory, and quality.
The transaction is expected to be completed during the second quarter of fiscal 2023, subject to customary closing conditions.
Infosys president Ravi Kumar S said: “This acquisition augments Infosys’ deep life sciences expertise, and expands our footprint further in the Nordics region and across Europe, and scales our digital transformation capabilities with cloud-based industry solutions.”
BASE is backed by a team of data science specialists, and stands at the frontier of the latest technological developments and trends.
It has a strong focus on Data & AI, and the ability to bridge and integrate business logic and technology, driving insights for better health outcomes.
The company has about 200 multidisciplinary industry experts across Denmark, Switzerland, the UK, Germany, France, Italy, and a nearshore technology hub in Spain.
It collaborates with leading software technology providers in the life sciences industry such as Veeva, IQVIA and Salesforce.
After being acquired by Infosys, BASE is expected to further expand its expertise into consumer health, animal health, MedTech and genomics segments.
BASE life science CEO Martin Woergaard said: “Over the last five years, BASE life science has delivered tremendous growth, and created a stellar life sciences consulting firm in Europe.
“With Infosys as our catalyst, we will be able to accelerate our expansion internationally and create development opportunities for our people.
“Infosys is a solid, global technology leader that is a perfect match for ensuring continuous success of BASE while sharing our common purpose and values.”