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New Deal


Announced

Completed

GlobalLogic completed the acquisition of Mobiveil.

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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Semiconductors

semiconductor manufacturing

Majority

Silicon Intellectual Properties

United States

Acquisition

Domestic

Private

Completed

Friendly

Single Bidder

Synopsis

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GlobalLogic, a US-based digital services company, completed the acquisition of Mobiveil, a specialized embedded engineering services firm headquartered in the United States. Financial terms were not disclosed. ''This is an incredible opportunity to bring together two innovative firms with highly experienced talent serving many of the world’s top brandsThis strategic move underscores our commitment to meeting evolving client demands and cultivating a highly skilled talent pool. We’re excited to welcome Mobiveil into the GlobalLogic family and look forward to writing the next chapter in the industry together,” Nitesh Banga, GlobalLogic CEO.

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