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New Deal


Announced

Astek to acquire Simelabs.

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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software engineering

India

Acquisition

Cross Border

Private Equity

Single Bidder

Pending

Software

Private

Majority

Friendly

Synopsis

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Astek, an engineering and technology consulting firm, agreed to acquire Simelabs, an Indian software engineering company. Financial terms were not disclosed. "The acquisition of Simelabs is an important milestone in Astek's growth strategy and opens up many opportunities. Simelabs provides us with solid expertise and capabilities, particularly in India, which perfectly complement our offering and strengthen our position both in the US market and in Life Sciences. We are delighted to welcome the Simelabs team to the Astek family,” Julien Gavaldon, Astek CEO.

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