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Announced

Completed

Noventiq completed the acquisition of Saga New Frontier Group.

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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Acquisition

Majority

Serbia

Software

Cross Border

Single Bidder

Friendly

software company

Public

Completed

Synopsis

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Noventiq, a digital transformation and cybersecurity solutions and services provider, completed the acquisition of Saga New Frontier Group, a Serbian software and digital solutions company. Financial terms were not disclosed. "The closing of this deal will strengthen Noventiq's footprint in the Eastern European region, which is a key strategic approach for our company in 2023. Saga's solutions offerings and sophisticated own IP will help Noventiq to grow our portfolio capabilities in the region and beyond," Herve Tessler, Noventiq President and COO.

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