According to reports, Infosys announces a definitive agreement to acquire technology and business consulting firm MRE Consulting for $36 million (about Rs 307.4 crore) in an all-cash deal.

The IT firm will acquire the consultancy company through its wholly owned subsidiary Infosys Nova Holdings LLC.

The acquisition is expected to close during the first quarter (April-June) of FY26.

The cost of acquisition will be up to $36 million, including upfront and earnouts, excluding management incentives, and retention bonus as per reports.

The acquisition brings newer capabilities for Infosys in trading and risk management, especially in the energy sector, as per reports.

Headquartered in Houston, Texas, MRE Consulting will bring a team of over 200 professionals with industry knowledge, consulting and deep technology experience in Energy/Commodity Trading and Risk Management (E/CTRM) platforms and ecosystems.

Founded in 1994, Texas-based MRE Consulting provides technology and business consulting services to the Energy & Utilities, Services, and Healthcare industries.

"By combining MRE Consulting's deep E/CTRM capabilities with Infosys' established leadership in the energy, resources and utilities sector, we are further enhancing our ability to drive value for our clients in this critical area of their business," Ashiss Kumar Dash, EVP & Global Head - Services, Utilities, Resources, Energy, and Sustainability, Infosys says.

Furthermore, the firm revealed that Mitsubishi Heavy Industries (MHI) has put money into the Infosys-led joint venture HIPUS, strengthening Infosys’ footprint in Japan.

MHI ranks among the foremost industrial groups globally, covering areas such as energy, intelligent infrastructure, industrial machinery, aerospace, and defense, while also having established companies like Hitachi Ltd, Panasonic Corporation, and Pasona.

Also Read: Top Tech Predictions 2025: A Journey to Place India on the Global Map

HIPUS, where Infosys holds a majority share, was established in 2019 to enhance high-quality, comprehensive procurement processes alongside sourcing and category knowledge, utilizing advanced digital platforms for Japanese companies.