Announced
Financials
Tags
Single Bidder
Acquisition
Friendly
Business Process Outsourcing
digital business transformation
Private
United States
Private Equity
it consulting
Majority
Domestic
Pending
Synopsis
Advent International, a private equity firm, agreed to acquire a 65% stake in NEORIS, a digital accelerator and business partner, from CEMEX, a building products company, for $120m. “We are excited that Advent is investing in NEORIS, launching the next stage of a journey that started two decades ago. CEMEX remains committed to leveraging digital technology to spearhead the evolution of the building materials industry. This partnership strengthens NEORIS and its role as a strategic ally for us," Luis Hernández, CEMEX Executive Vice President of Digital and Organization Development.
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