BNamericas - How M&A appetite of Brazil’s CI&T is fueled ...
Summary
“This is our most relevant acquisition and reflects a market moment and a strategic issue,” CI&T CEO Cesar Gon (pictured), told BNamericas about the Dextra purchase. And our view is that now, given the size that our company has reached, we can be a little more aggressive in our inorganic growth strategy.” Fragmentation in the form of a large number of players with similar market share, offers opportunity for CI&T to position itself as a consolidator, especially in the services integration segment, said Gon. The company recently created a special unit to evaluate potential M&As under three premises: geographic expansion, new verticals or the strengthening of existing business segments, and human capital. Data compiled by Transactional Track Record shows that the technology sector was responsible for the highest number of Brazil’s 693 M&As in the first five months, increasing 88% year-over-year to 287. Besides M&A, Gon said the company could follow in the footsteps of rival Stefanini and launch an IPO on US stock exchange Nasdaq, possibly this year.