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Announced

Completed

Grid Dynamics completed the acquisition of Tacit Knowledge.

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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digital commerce solutions

Completed

E-commerce

Private

Single Bidder

Majority

Cross Border

United Kingdom

Acquisition

Friendly

Synopsis

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Grid Dynamics, a provider of enterprise-level digital transformation, completed the acquisition of Tacit Knowledge, a provider of end-to-end digital commerce solutions for global brands. Financial terms were not disclosed. "We are pleased to welcome Tacit Knowledge to the Grid Dynamics family. Tacit Knowledge has consistently demonstrated values that are well aligned with those of Grid Dynamics. They excel at consulting for top global brands, differentiate through a focus on digital transformation, and consistently deliver the highest level of quality. Tacit Knowledge’s locations are highly complementary to those of Grid Dynamics, enabling us to expand our capabilities and service more customers from nearshore locations," Leonard Livschitz, Grid Dynamics CEO.

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