Private equity firm Advent International has acquired 65% of Neoris, a digital transformation and IT consulting firm that supports SAP on Microsoft Azure. The majority stake seller was CEMEX — which will retain a 35% stake in Neoris. The deal’s valuation was not disclosed.
This is technology M&A deal number 717 that ChannelE2E has covered so far in 2022.
“We are excited that Advent is investing in NEORIS, launching the next stage of a journey that started two decades ago. CEMEX remains committed to leveraging digital technology to spearhead the evolution of the building materials industry. This partnership strengthens NEORIS and its role as a strategic ally for us.”
Read more: Channel 2
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