The Hindu Business Line : Buys Caterpillar arm, Belgium co

Satyam Computer today announced the acquisition of Caterpillar Market Research and Customer Analytics Operations for $60 million and S&V Management Consultants for $35.5 million and also the buyout of 50 per cent stake of Computer Associates in their joint venture.

Caterpillar Market research is part of Caterpillar Inc, a manufacturer of construction and mining equipment, and comes with intellectual property and assets. The President of Healthcare and Commercial for Satyam, Mr Ram Mynampati, said, “This acquisition will not only strengthen the relationship with Caterpillar but also allow support to other customers.”

“There is assured business coming from Caterpillar MRCA,” said Mr Subu D. Subramanian, Director and Senior Vice-President (Manufacturing and Automotive Group), Satyam, without disclosing any figures. He said companies in Europe and the US were keen to customise their products to be launched in the BRIC nations, particularly India and China. Before doing this, they would need to understand the local market and consumer preferences and only then embark on a plan to re-design and launch the product.

Satyam will set up a centre for excellence and innovation in Chennai jointly with Caterpillar and this division will act as a separate business unit with its own marketing, pre-sales, sales and delivery teams

The Chairman of Satyam, Mr B. Ramalinga Raju, said that the acquisition of the $15-million S&V Management Consultants, a Ghent, a Belgium-based supply chain management consulting firm, for $35.5 million, will enhance the company’s supply chain solutions capability. This will operate as a wholly owned subsidiary.

In another announcement, Satyam’s Chief Financial Officer, Mr V. Srinivas, said Satyam has agreed to purchase Computer Associates’ half share of C&S smart card and eLearning solutions provider. This venture was founded in 2001 and services public sector entities, financial services players such as HDFC and IT services players.

Capgemini and MSEZB Holdings Company Ltd are also its customers. Satyam will pay CA $1.5 million for its 50 per cent share and rename the company as C&S Pvt Ltd.

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