EQT to acquire digital consulting firm Perficient for around $3 billion – 05/06/2024 at 00:48

EQT to acquire digital consulting firm Perficient for around $3 billion – 05/06/2024 at 00:48
EQT to acquire digital consulting firm Perficient for around $3 billion – 05/06/2024 at 00:48

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Added details on the bonus in paragraph 2 and on the context in paragraph 5)

Swedish private equity firm EQT AB EQTAB.ST to acquire Perficient

PRFT.O in an all-cash deal valued at around $3 billion that will take the U.S. digital technology consultancy private, the two companies said on Sunday.

EQT will pay $76 for each Perficient share, the companies said in a statement, representing a premium of nearly 58% to Perficient’s last close on Friday. The transaction was unanimously approved by the board of directors of St. Louis-based Perficient and is expected to be completed by the end of 2024, according to the release.

Perficient’s shares will no longer trade on Nasdaq after the deal closes, the two companies said.

Tom Hogan will remain CEO of Perficient, which has more than 40 locations worldwide, according to the release.

Perficient has a presence in the United States, Latin America, Europe and India, and has established approximately 300 relationships with Fortune 1000 customers, including Microsoft MSFT.O , Amazon.com’s AMZN.O AWS and Alphabet’s GOOGL.O Google, according to the company’s website.

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