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.

  • Print

Briefings from Eversheds

  • Market abuse regime

    The current EU market abuse regime is in line for an overhaul. It is anticipated that the implementation of the new proposals may not come into force until 2016.

  • Unfair relationships — what does the future hold?

    The ‘unfair relationship’ concept in respect of credit agreements was introduced into the Consumer Credit Act 1974 on 6 April 2007.

View more briefings from Eversheds

Analysis from The Lawyer

View more analysis from The Lawyer


1 Wood Street

Turnover (£m): 376.00
No. of Lawyers: 1,264
No. of Lawyers (Asia Pacific): 68
Offices (Asia Pacific): 3


View all jobs from this firm