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New Deal


Announced

Completed

IBM completed the acquisition of Nordcloud.

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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Cross Border

application development

Private

Acquisition

Friendly

Majority

Finland

application technology

Software

Single Bidder

Completed

Synopsis

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IBM, a provider of computer solutions, completed the acquisition of Nordcloud, a European provider of cloud implementation, application transformation and managed services. Financial terms were not disclosed. “IBM’s acquisition of Nordcloud adds the kind of deep expertise that will drive our clients’ digital transformations as well as support the further adoption of IBM’s hybrid cloud platform. Nordcloud’s cloud-native tools, methodologies and talent send a strong signal that IBM is committed to deliver our clients’ successful journey to cloud," John Granger, IBM Senior Vice President and COO.

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