Add-on Acquisition • Information Technology

Syntax Acquires Freudenberg IT

On January 22, 2019, Syntax acquired information technology company Freudenberg IT

Acquisition Context
  • This is Syntax’s 2nd transaction in the Information Technology sector.
  • This is Syntax’s 2nd transaction in the United States.
  • This is Syntax’s 1st transaction in North Carolina.

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M&A Deal Summary

Date January 22, 2019
Target Freudenberg IT
Sector Information Technology
Buyer(s) Syntax
Deal Type Add-on Acquisition

Target Company

Freudenberg IT

Morrisville, North Carolina, United States
Freudenberg IT LP is a cloud provider and IT service provider for upscale medium-sized enterprises. FIT provides a broad IT service spectrum that covers almost the entire SAP landscape, including application management services, SAP licenses and extensive consulting services for the implementation of SAP S/4 HANA. FIT was - among other things - involved very early on in utilizing the Industry 4.0 megatrend. Freudenberg IT LP was founded in 2003 and is based in Morrisville, North Carolina.
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Buyer Overview 1

Buyer

Syntax

Montreal, Quebec, Canada

Category Company
Founded 1972
Sector Information Technology
DESCRIPTION

Syntax is a provider of tech solutions for businesses in North America. Syntax has been providing comprehensive technology solutions to businesses of all sizes. Syntax delivers the best combination of software, infrastructure, and cloud solutions to meet the needs of its diverse range of customers. Syntax partners include Oracle, IBM and other world-class technology leaders. Syntax was founded in 1972 and is based in Montreal, Quebec.


Deal Context for Buyer #
Overall 2 of 7
Sector: Information Technology 2 of 7
Type: Add-on Acquisition 2 of 7
State: North Carolina 1 of 1
Country: United States 2 of 3
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Core Services

Somerset, New Jersey, United States

Core Services Corp. is an oracle platinum partner and OAUG three star partner, delivers expert oracle applications implementation, development, and support to clients worldwide via its cloud managed services and consulting services. Core Services was founded in 1990 and is based in Somerset, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 EmeraldCube Solutions

Alpharetta, Georgia, United States

EmeraldCube Solutions LLC is an Atlanta-based Amazon Web Services Advanced partner and Oracle Gold partner, providing business technology solutions to Oracle customers. EmeraldCube Solutions is based in Alpharetta, Georgia.

Buy -