The M&A Watch: Eastern Europe – Oct. 2021 Coverage
By Emily Halstenberg | November 5, 2021
M&A WATCH: EASTERN EUROPE – OCT. 2021 COVERAGE
This month, we highlight 6 deals across Eastern Europe within the IT Services vertical. Notably, there were several active strategic and private equity buyers including H.I.G. Capital, Xebia, KKR, and Atos who were able to get deals across the goal line. Moving into the last couple months of the year, 7MA believes there will be a big push to close deals across the region. Overall, the global interest in Eastern European IT Services companies remains high and buyers continue to be intrigued by the high concentration of IT/Software talent, timezone advantage, and agile delivery methods.
3Pillar Global, an international developer of cutting-edge digital products with a Romania delivery center, has entered into a definitive agreement to receive a strategic growth investment from an affiliate of H.I.G. Capital. With over 2,000 team members working out of 13 delivery centers across three continents, 3Pillar is a recognized global leader in the Digital Transformation sector. #Romania #BigData #CloudDevelopment
Xebia, a global IT consulting firm, closed its largest acquisition with the purchase of PGS Software, a Polish software house and cloud expert with more than 800 professionals. Founded in 2005, PGS Software is one of the largest Polish-origin IT companies with total revenue over €35 million. Since its inception, the company has delivered over 2,800 projects for clients like Trust Payments, Giacom, and Omio. The addition of PGS Software complements Xebia’s technology suite, with a focus on cloud services. The Wroclaw-headquartered firm is a certified partner of AWS, Microsoft, and Google. #Cloud #Poland #AWS #Microsoft #Google
Atos, a global IT consulting firm, reached an agreement to acquire DataSentics, a Czech Republic-based data science company specializing in the development of artificial intelligence & machine learning (AI/ML) business solutions and products. This acquisition will enhance Atos’ AI/ML and computer vision portfolio with new AI-intensive products and data science capabilities. Additionally, it will welcome a highly skilled team of approximately 100 AI/ML data scientists and engineers. The combined capabilities of Atos and DataSentics will provide a global AI/ML factory delivering business value to all their joint customers. #CentralEurope #AI #ML #DataScience
Connections Consult SA, a leader in digital transformation in Romania, has acquired 100% of the shares of Brusch Services SRL. Brusch specializes in IT consulting and software development in nearshoring regime. The company has experience especially in implementing Oracle, SAP, and software development based on Java technology. Brusch Services SRL will become a highly qualified talent management platform in technology, within the Connections Consult S.A. group, and will be integrated into the software development vertical. #Romania #SAP #SoftwareDevelopment
Cloudera, the enterprise data cloud company with an engineering support Hungary office, has been acquired by affiliates of Clayton, Dubilier & Rice (“CD&R”) and KKR in an all cash transaction valued at approximately $5.3 billion. Cloudera common stock has ceased trading and is no longer listed on the New York Stock Exchange. Cloudera delivers a hybrid cloud platform that enables enterprises to access and analyze data across public and private clouds as well as on-premises to deliver flexibility, performance, speed, and control. Cloudera will continue to be led by CEO Rob Bearden. #Cloud #Hungary #DataWarehousing
Exadel, a software engineering company delivering digital platforms and products with a software service company in Warsaw, Poland and a development center in Lithuania, has acquired Coppei, a Seattle-based digital business strategy and technology consultancy serving global Fortune 500 clients. Coppei will continue to operate as an independent brand. The complementary services of Coppei’s digital strategy and advanced data insight expertise combined with Exadel’s globally distributed software engineering services immediately positions the organization to provide full-service disruptive technology solutions. #Poland #Lithuania #DataAnalytics
About 7 Mile Advisors
7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.
To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website www.7mileadvisors.com.