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New Deal


Announced

Datavard to acquire Formbit.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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SAP System

project management

IT Services: Other

Private

United States

Acquisition

SAP Divestitures

Friendly

Pending

Majority

Single Bidder

Synopsis

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Datavard, a recognized global leader in data transformation and solutions in SAP landscape transformation has acquired Formbit, a leading expert in SAP-certified System Landscape Optimization (SLO) projects. Financial terms were not disclosed. "Formbit’s DNA is perfectly aligned to our own and by adding such a recognized expert in SAP data transformations to our world-class team at Datavard we are excited to bring even more impactful results for our customers while extending the world-class delivery capability of Datavard.” Gregor Stoecker, Datavard, CEO.

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