Business

Globant buys gA for $74 million, consolidates leader in IT services

The Argentinean unicorn Globant (NYSE: GLOB) surprised the market on Monday with the announcement of the acquisition of Grupo Assa (gA), a global company in digital transformation and cloud services with presence in the US, Argentina, Brazil, Chile, Colombia, Mexico and Spain, for a total investment of $74 million. The acquisition strengthens Globant’s cloud capabilities and allows it to expand its Healthcare and Life Sciences portfolio. Once the news was known, the company’s shares reached a historical record in the NYSE, climbing 4% to $179.87.

Source: Ámbito

Categories: Business