Announced
Financials
Tags
sap solutions
Software
Acquisition
Majority
Friendly
France
Private
Domestic
Private Equity
Pending
Single Bidder
Synopsis
Montefiore Investment, a private equity firm, agreed to acquire oXya, a SAP infrastructure solution provider, from Hitachi Vantara, a technology company. Financial terms were not disclosed. "Over the last eight years, with its expertise in SAP hosting and BASIS services, oXya has been a successful and profitable acquisition for Hitachi Vantara. As we look forward, we believe this deal positions both oXya and Hitachi Vantara for continued growth against our respective opportunities. Following the completion of this deal, Hitachi Vantara will continue to pursue our SAP implementation and support business and will maintain a consistent and continuing business relationship with oXya. As such, customers and partners can expect the same excellent service without disruption," Roger Lvin, Hitachi Vantara President of Digital Solutions Business Unit.
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