M&A Deal Summary

Grid Dynamics Acquires Corob

On September 26, 2024, Grid Dynamics acquired machinery company Corob for 260M EUR

Acquisition Highlights
  • This is Grid Dynamics’ 1st transaction in the Machinery sector.
  • This is Grid Dynamics’ largest (disclosed) transaction.
  • This is Grid Dynamics’ 1st transaction in Italy.

M&A Deal Summary
Date 2024-09-26
Target Corob
Sector Machinery
Buyer(s) Grid Dynamics
Deal Type Add-on Acquisition
Deal Value 260M EUR

Target

Corob

Modena, Italy
Corob is a provider in the design and manufacturing of high-performance volumetric and gravimetric dispense, mixing, and shaking equipment used in mission-critical tinting applications. Corob was formed in 1984 and is based in Modena Italy.

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Buyer(S) 1

Buyer

Grid Dynamics

San Ramon, California, United States
Category Company
Founded 2006
Sector Information Technology
Employees3,892
Revenue 313M USD (2023)
DESCRIPTION

Grid Dynamics International, Inc. is a provider of open, scalable, next-generation commerce technology solutions in the areas of omnichannel digital platforms, cloud enablement, and continuous delivery. Grid Dynamics was founded in 2006 and is based in San Ramon, California.

DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Italy) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 JUXT

Milton Keynes, United Kingdom

JUXT is a provider of software engineering services specializing in data-intensive information systems for banking and other financial institutions, with a particular focus on risk platforms, structured notes, equity derivatives, and financial reporting. JUXT was formed in 2013 and is headquartered in Milton Keynes, England.

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