Infosys Technologies Ltd., India's second-largest computer-services provider, is acquiring U.K.-based business adviser Axon Group for £407.1 million ($755 million) in cash, reports Bloomberg News.

Infosys offered 600 pence a share for Axon, 19% more than the closing price of 502.5 pence on Aug. 22. Axon, based in Egham, England, has about 2,000 employees, the Bangalore-based software company said in a statement to the National Stock Exchange.

Infosys's second acquisition in 13 months should help the company narrow the gap with Tata Consultancy Services Ltd. and boost revenue from Europe. Ceo Senapathy Gopalakrishnan is seeking to diversify sales as customers in the U.S. delay orders.

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