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

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.