The Kingdom of Saudi Arabia, like other countries in the region, rejects the acquisition of nuclear weapons by anyone, especially nuclear weapons in the Middle East region. We hope that such weapons will be banned or eliminated from the region by every country in the region.
Innovation has its limits, of course, and Salesforce has proved adept at supplementing its growth with acquisitions, a tool long available to older rivals like Oracle and SAP.
Our acquisition strategy is very clear: 3x3. Three continents - Asia, Africa and South America, and in three categories where we have strong positions - personal wash, household care and hair care.
We started the 10/10 objective in 2011, and that time, our turnover was about Rs. 15,000 crore. We would like to have a turnover of Rs. 1,50,000 crore by 2021. This will be through high growth in domestic and international operations as well as through acquisitions.
We continue to look at accretive and synergistic acquisitions both in the domestic as well as international markets. Our emphasis, thus, will be on strategic acquisitions, and we will not be doing it just for the sake of making our name bigger.
In the pharma space, we have been growing both organically as well as through acquisitions.
In pharma, we continuously look for acquisitions... if it makes strategic sense and if there is any value.
The acquisition of Vettery accelerates the development of the Adecco Group's digital strategy, broadening our offering into the fast-growing digital permanent recruitment market and complementing our professional recruitment businesses.
Adecco and Penna have a long history of working together, and Penna represents an excellent strategic fit for Adecco in U.K. HR services, expanding the breadth and depth of services Adecco is able to offer to its clients. The acquisition of Penna also offers meaningful synergy potential for Adecco in the U.K.