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  5. GlobalLogic Acquires Assign Group AB

M&A Deal Summary

GlobalLogic Acquires Assign Group AB

On October 24, 2019, GlobalLogic acquired software company Assign Group AB

Acquisition Highlights
  • This is GlobalLogic’s 4th transaction in the Software sector.
  • This is GlobalLogic’s 1st transaction in Sweden.

M&A Deal Summary
Date 2019-10-24
Target Assign Group AB
Sector Software
Buyer(s) GlobalLogic
Deal Type Add-on Acquisition

Target

Assign Group AB

Göteborg, Sweden
Assign Group is a consultancy that provides a wide range of human-centered design capabilities and highly skilled electronics and software engineering to customers for in-house or on-site product development. Assign Group AB specializes in a seamless connection between user experience and engineering as a single, integrated offering. Assign has successfully designed and built innovative in-vehicle electronics, human-machine interfaces, infotainment systems, active safety systems, and much more for customers operating around the world.

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Buyer(S) 1

Buyer

GlobalLogic

McLean, Virginia, United States
Category Company
Founded 2000
Sector Information Technology
Employees11,000
DESCRIPTION

GlobalLogic is a full-lifecycle product development services leader that combines chip-to-cloud software engineering expertise and vertical industry experience to help our customers design, build, and deliver their next generation products and digital experiences. We expertly integrate design, complex engineering, and agile delivery capabilities to deliver superior business outcomes for global brands. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending the benefits of our true global presence to customers in telecom, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries. GlobalLogic was founded in 2000 and is based in McLean, Virginia.

DEAL STATS #
Overall 6 of 13
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 6 of 13
Country: Sweden M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Skookum

Charlotte, North Carolina, United States

Skookum, Inc. is a digital strategy, design and development firm offers directly complement GlobalLogic’s existing portfolio of services, composed of complex software engineering, and strategic design capabilities used to drive cross-industry digital transformation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Meelogic Consulting AG

Berlin, Germany

Meelogic Consulting AG develops IT solutions for a mobile and interconnected world based on an in-depth understanding of technologies and markets in the digital age. The company was founded in 2011 in Berlin with additional locations in Szczecin (Poland), Cologne, Stuttgart, and Bydgoszcz (Poland). Meelogic is now working with international teams for well-known customers in their respective industries comprising automotive, medical technology, media, transport, energy, telecommunications, information technology, logistics, and e-commerce.

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