M&A Deal Summary

Cognizant Acquires Oy Samlink Ab

On January 23, 2019, Cognizant acquired software company Oy Samlink Ab from Aktia, Handelsbanken and Savings Bank Group

Acquisition Highlights
  • This is Cognizant’s 3rd transaction in the Software sector.
  • This is Cognizant’s 1st transaction in Finland.

M&A Deal Summary

Date 2019-01-23
Target Oy Samlink Ab
Sector Software
Buyer(s) Cognizant
Sellers(s) Aktia
Handelsbanken
Savings Bank Group
Deal Type Divestiture

Target

Oy Samlink Ab

Espoo, Finland
Oy Samlink Ab is an experienced Finnish company developing solutions and providing services for the financial sector. As a partner of companies significant in their sectors, we provide them with reliable and straightforward cooperation. We have strong roots and solid competence in the development of multi-channel financial services. We provide comprehensive and cost-efficient services from banking systems to leading by knowledge solutions. We produce a competitive edge to our customers with innovative solutions and support their growth. We seek success with our customers.

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States

Category Company
Founded 1988
Sector Information Technology
Employees336,800
Revenue 19.7B USD (2024)
DESCRIPTION
Cognizant's office in Hyderabad, India.
Cognizant's office in Hyderabad, India.

Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 32 of 56
Sector: Software M&A 3 of 7
Type: Divestiture M&A Deals 7 of 9
Country: Finland M&A 1 of 1
Year: 2019 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Mustache

Brooklyn, New York, United States

Mustache is a creative content agency that produces and distributes compelling video content and programming. Mustache was founded in 2010 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Merit Software

Dublin, Ireland

Merit Software is a provider of payable and receivable reconciliation and workflow solutions to global investment banks, brokers and clearing houses. Meritsoft was founded in 2000 and is based in Dublin, Ireland.

Buy -

Seller(S) 3

SELLER

Aktia

Helsinki, Finland

Category Company
Founded 1825
Sector Financial Services
Employees886
Revenue 309M EUR (2024)
DESCRIPTION

Aktia is a provider of a broad range of products within banking, insurance, and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia was founded in 1825 and is based in Helsinki, Finland.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Finland M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Elisa Rahoitus Oy

Helsinki, Finland

Elisa Rahoitus Oy is a mobile payment service in Europe. It transmitted the payment message instantly from one user to another.

Buy €1M
SELLER

Handelsbanken

Stockholm, Sweden

Category Company
Founded 1871
Sector Financial Services
Employees11,799
Revenue 62.3B SEK (2024)
DESCRIPTION

Handelsbanken provides various banking products and services. Handelsbanken was founded in 1871 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Optimix Vermogensbeheer NV

Amsterdam, Netherlands

Optimix Vermogensbeheer NV is a wealth management company,

Buy -
SELLER

Savings Bank Group

Helsinki, Finland

Category Company
Founded 1822
Sector Financial Services
DESCRIPTION

Savings Bank Group is a national and financially sound banking group that values its customers and believes that everyone can achieve prosperity by having access to good advice and good services. Since 1822, it has been our mission to help Finns prosper. Savings Bank is a reliable partner for your company through the different stages of business, from starting up the company through to business development and responding to changes.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2019 M&A 1 of 1