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New Deal


Announced

Completed

Modus Create completed the acquisition of Tweag.

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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Friendly

Completed

Software

software development

Majority

Single Bidder

Acquisition

Cross Border

France

digital services

Private

Synopsis

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Modus Create, a global provider of digital transformation and product development services, completed the acquisition of Tweag, a software developer. Financial terms were not disclosed. “Tweag’s rich history of open source thought leadership in advanced computing communities and their orientation towards meaningful client outcomes are perfectly aligned with Modus Create and we’re excited to welcome them. Along with our recent acquisition of Atlas Authority, we’ve taken significant strides towards developing a new type of consulting firm, one better positioned to be a partner to global executives leading substantial digital change,” Pat Sheridan, Modus Create CEO.

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