Bulgarias Sirma Group Holding gets antitrust clearance to acquire local Sciant

Acquisitions

▤ Summary

Last week, Sirma Group Holding said that it entered into a definitive agreement to buy 80% of Sciant by acquiring 200,000 shares in the capital of the company. The contract includes an option for the subsequent acquisition on April 1, 2024 of the remaining 20% ​​in Sciant that Sirma Group Holding does not own, the buyer said back then. Sofia-headquartered Sciant, founded in 2016, is an IT solutions development partner serving specific industry sectors including travel and hospitality, logistics and transport, finance and banking. The company develops technical solutions including big data and business intelligence, machine learning, and forms robust and compliant integrations and interfaces, for new digital platforms and legacy systems. As at 15:40 CET on Tuesday, shares in Sirma Group Holding traded flat at a price of 0.456 levs on the floor of the BSE.

▥ Classifications

industries
No industries detected
applications
ERP & Process Management

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies

Sciant
$1M to $5M