Announced
Financials
Sources
Tags
software engineering
India
Acquisition
Cross Border
Private Equity
Single Bidder
Pending
Software
Private
Majority
Friendly
Synopsis
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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