Eversheds advises Virtusa on acquisition of TradeTech Consulting Scandinavia
Eversheds’ Swedish office has advised Virtusa Corporation, which has, through its Dutch subsidiary, acquired Swedish company TradeTech Consulting Scandinavia.
The acquisition expands Virtusa’s position within the banking, financial services and insurance industries by increasing its asset management and treasury services domain and technology expertise. The acquisition will also result in an expansion of Virtusa’s footprint in the Nordics.
Virtusa acquired TradeTech Consulting Scandinavia for a consideration of $20m (£12m) in cash as well as up to $4m in earn-out consideration upon certain agreed criteria having been met.
The Eversheds team consisted of Ulrika Sparrman (responsible partner) and Caroline Wikström, Anna-Carin Ljungberg and Patrik Nyqvist.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
Businesses operating in the EU with the benefit of tax ruling consequently need to be aware that tax rulings are currently at the centre of a series of EC state aid investigations.
What can and what should organisations be doing to prepare for Ebola from a health and safety point of view?
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions