Mid Europa Partners to buy intive from Enterprise Investors for €100m

Mid Europa Partners is to acquire intive SA, a provider of software development services with over 1,600 qualified specialists in 19 offices worldwide, from Enterprise Investors. Mid Europa will acquire 100% stake for €100m ($113.9m) Kerim Turkmen, Partner of Mid Europa said: "We are excited to be teaming up with intive's management team and have been particularly impressed by the Company's highly-skilled workforce and their ability to develop best-in-class software and digital applications for leading companies worldwide. Combined with a strong reputation and a unique geographical delivery footprint, intive is well-positioned to continue benefiting from the accelerating digital transformation trend driving the demand for software engineering and design services."