Announced
Completed
Financials
Tags
Single Bidder
Completed
Switzerland
Friendly
Cross Border
Information / Data Services
Majority
Acquisition
data management
Private Equity
Private
Synopsis
Keensight-backed Smile, an IT services provider, completed the acquisition of Synotis, a company specialising in consulting and data management. Financial terms were not disclosed. "The acquisition of Synotis CH is in line with our Open Arrow strategic plan, which aims to increase the geographical coverage of the Smile Group on an international scale, with the support of its shareholders. By joining forces with Synotis CH's formidable teams, we are strengthening our presence in Switzerland and in data management, two markets that offer significant development prospects," Marc Palazon, Smile CEO.
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