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New Deal


Announced

Completed

Endava completed the acquisition of GalaxE for $405m.

Financials

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Transaction Value£319m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Single Bidder

Acquisition

Majority

United States

IT and business solutions

Friendly

Private

Cross Border

Completed

Synopsis

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Endava, a technology services company combining world-class engineering, industry expertise and a people-centric mindset, completed the acquisition of GalaxE, a global IT and business solutions provider, for $405m. “We are delighted for the GalaxE team to join Endava. This acquisition fits with our vision and strategy of providing our clients with a global delivery platform. As our first footprint in India, it gives us access to a deep and sophisticated talent pool and positions us well for meeting increasingly complex customer needs. Additionally, we believe that GalaxE’s deep expertise in Healthcare will help us scale to one of our most desirable and fast-growing industry verticals,” John Cotterell, Endava CEO.

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