M&A Deal Summary

CTG Acquires Tech-IT PSF S.A.

On January 3, 2019, CTG acquired information technology company Tech-IT PSF S.A. for 10M USD

Acquisition Highlights
  • This is CTG’s 3rd transaction in the Information Technology sector.
  • This is CTG’s largest (disclosed) transaction.
  • This is CTG’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2019-01-03
Target Tech-IT PSF S.A.
Sector Information Technology
Buyer(s) CTG
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Tech-IT PSF S.A.

Bertrange, Luxembourg
Tech-IT PSF S.A. is an IT solutions provider and integrator with high added value. Tech-IT was formed in 2007 and is based in Bertrange, Luxembourg.

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Buyer(S) 1

Buyer

CTG

Amherst, New York, United States
Category Company
Founded 1966
Sector Information Technology
Revenue 325M USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 3 of 4
Country (Luxembourg) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Soft Company

Paris, France

Soft Company provides IT services, for the banking and finance sector. Soft Company was founded in 1991 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Eleviant

Richardson, Texas, United States

Eleviant provides businesses with digital products and services to enhance productivity, engagement, communication, and scale. In addition to its primary services, which include mobile and web application development, cloud migration, and managed IT services, the Company also provides intelligent process automation, and blockchain services. Eleviant was founded in 2004 and is based in Richardson, Texas.

Buy -
Mergr

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