M&A Deal Summary

DXC Technology Acquires Luxoft Holding

On January 7, 2019, DXC Technology acquired information technology company Luxoft Holding for 2.0B USD

Acquisition Highlights
  • This is DXC Technology’s 19th transaction in the Information Technology sector.
  • This is DXC Technology’s 2nd largest (disclosed) transaction.
  • This is DXC Technology’s 2nd transaction in Switzerland.

M&A Deal Summary
Date 2019-01-07
Target Luxoft Holding
Sector Information Technology
Buyer(s) DXC Technology
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
White & Case
Conyers Dill & Pearman (Legal)

Target

Luxoft Holding

Zug, Switzerland
website
Luxoft Holding, Inc. is a provider of software development services and innovative IT solutions to global clients. Luxoft Holding was founded in 2000 and is based in Zug, Switzerland.

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Buyer(S) 1

Buyer

DXC Technology

Ashburn, Virginia, United States

website

Category Company
Sector Information Technology
Employees130,000
Revenue 16.3B USD (2022)
DESCRIPTION

DXC Technology is an end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. The company's technology independence, global talent and extensive partner network help clients harness the power of innovation to thrive on change and guide their digital transformation journeys.

DEAL STATS #
Overall 40 of 44
Sector (Information Technology) 19 of 23
Type (Add-on Acquisition) 37 of 41
Country (Switzerland) 2 of 2
Year (2019) 1 of 5
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Tenacity Solutions

Reston, Vermont, United States

Tenacity Solutions, Inc. is a provider of high-end, cyber security, software development, and enterprise-level systems engineering services to the Intelligence Community. Founded in 2003 and headquartered in Reston, Virginia, Tenacity is highly regarded as a trusted provider of cutting-edge services supporting mission-critical national security initiatives. Tenacity Solutions was founded in 2003 and is based in Reston, Vermont.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 EG A/S

Herning, Denmark

EG A/S is an IT service company. EG supplies IT solutions and consultancy services for the Scandinavian market, primarily Denmark. The core of product portfolio is ERP solutions for selected industry verticals. EG offers standard MBS / SAP based ERP solutions, development of special IT solutions as well as management consultancy services. EG was founded in 1977 and is based in Herning, Denmark.

Buy -
Mergr

Product

Company

Legal