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New Deal


Announced

Completed

FOG Software Group completed the acquisition of Software business unit from Ricardo for $25m.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Software

Public

software

Czechia

Single Bidder

Cross Border

United Kingdom

Completed

United States

Friendly

Synopsis

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FOG Software Group, a software company, completed the acquisition of Software business unit from Ricardo, a consultancy firm, for $25m. "The divestment demonstrates further progress in optimising Ricardo's portfolio. This, together with our acquisition of Inside Infrastructure earlier this year, presents positive momentum towards our ambition to become a leading strategic and engineering consultancy for environmental and energy transition solutions," Graham Ritchie, Ricardo CEO.

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