GlobalLogic Acquires synvert Group from Maxburg

GlobalLogic Inc., a US subsidiary of the Japanese Hitachi Group, has acquired the synvert Group from Maxburg, a leading private equity fund focused on founder-led technology companies in the German-speaking region. Completion of the transaction is subject to customary regulatory approvals. synvert is a leading consulting firm in the data and AI space, delivering advanced expertise in AI-driven business design, data access and governance, integration, and operations. synvert employs around 550 people and has a strong presence in Germany, Switzerland, Spain, Portugal, and the Middle East. The Hitachi Group is a globally operating Japanese technology conglomerate with over 280,000 employees worldwide. Its US subsidiary, GlobalLogic, is headquartered in Silicon Valley and is a leading partner in the field of digital engineering. With more than 32,000 employees, GlobalLogic supports companies worldwide in designing and implementing AI-driven products, platforms, and digital experiences. A team from the German law firm Gleiss Lutz, acted as lead legal advisor on the overall transaction. Walder Wyss advised GlobalLogic Inc. and Gleiss Lutz as Swiss legal advisor on the transaction. The team was led by Urs Gnos (Corporate/M&A, Partner) and Michael Kündig (Corporate/M&A, Managing Associate) and further included Benjamin Reis (Commercial Contracts/M&A, Associate), Florian Iten (Corporate/M&A, Associate), Katja Rauber (Employment, Associate) and Hannes Meyle (IP/IT, Senior Associate). https://lnkd.in/dYSnw5zG

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