December 13, 2023
Cegeka Groep nv, an IT options supplier primarily based in Hasselt, Belgium, accomplished its tender supply to buy shares of Laptop Activity Group Inc., a Buffalo, New York-based IT staffing and options supplier.
Cegeka was set to pay $10.50 per share for the publicly traded CTG.
“This transaction is a logical subsequent step in Cegeka’s steady progress journey,” Cegeka CEO Stijn Bijnens mentioned in a press assertion. “By becoming a member of forces with CTG, we’re creating a strong IT participant with a portfolio of built-in end-to-end options supported by a robust world supply middle community and modern applied sciences, remodeling from a European to a worldwide group. Collectively, we could have operations in 19 nations and make use of over 9,000 IT professionals.”
As a part of the acquisition, Filip Gydé, CTG’s CEO, is not going to be a part of the brand new organizational construction.
“We admire his optimistic cooperation throughout this acquisition course of,” Bijnens mentioned. “We thank him for his years of dedication to the corporate and all of the successes to which he has contributed.”
Based in 1966 by two IT professionals, CTG supplies IT options and staffing in North America and Western Europe. The corporate had a income of $325 million in 2022, which incorporates $91.1 million in IT staffing income.
