M&A Deal Summary

Cegeka Acquires CTG

On August 9, 2023, Cegeka acquired information technology company CTG for 170M USD

Acquisition Highlights
  • This is Cegeka’s 4th transaction in the Information Technology sector.
  • This is Cegeka’s largest (disclosed) transaction.
  • This is Cegeka’s 1st transaction in the United States.
  • This is Cegeka’s 1st transaction in New York.

M&A Deal Summary
Date 2023-08-09
Target CTG
Sector Information Technology
Buyer(s) Cegeka
Deal Type Merger
Deal Value 170M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Baker & McKenzie (Legal)

Target

CTG

Amherst, New York, United States
CTG is an information technology (IT) solutions and staffing company with operations in North America and Europe. CTG provides IT services to its clients, which includes IT Solutions and IT Staffing. CTG was founded in 1966 and is based in Amherst, New York.

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Buyer(S) 1

Buyer

Cegeka

Hasselt, Belgium
Category Company
Founded 1992
Sector Information Technology
Employees3,567
DESCRIPTION

Cegeka is a family-owned IT solutions provider founded on craftsmanship and works in close cooperation with customers. The company helps organizations create frictionless and highly personalized experiences for their customers, consumers, and citizens. Cegeka was founded in 1992 and is based in Hasselt, Belgium.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 4 of 4
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Gridmax

Vresse-sur-Semois, Belgium

Gridmax specializes in the rollout of 4G mission-critical connectivity services for MTC applications in the 3.5 GHz band for rural regions. The company provides private 4G connectivity for rural areas, which mainly targets the B2B market. Gridmax is based in Vresse-sur-Semois, Belgium.

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Company

Legal