TYSONS, VA – ACCESSWIRE — DXC Technology (DXC) announced that it has received all necessary regulatory approvals to complete its acquisition of Luxoft Holding, Inc, the global digital strategy and engineering firm. [the_ad id=”31605″]DXC had announced a definitive agreement to acquire Luxoft on January 7, 2019. DXC plans to close the transaction on schedule no later than June 30, 2019.
The acquisition will build on DXC’s unique value proposition as an end-to-end, mainstream IT and digital services market leader, and strengthen its ability to design and deploy transformative digital solutions for clients at scale. The addition of Luxoft will bring clients new capabilities in digital engineering, additional depth in key verticals and an expanded portfolio of digital offerings.
Luxoft will no longer be a standalone publicly held company once the transaction closes.
Guggenheim Securities and BofA Merrill Lynch acted as financial advisors and Latham & Watkins LLP is acting as legal counsel to DXC, with Harney Westwood & Riegel LP acting as British Virgin Islands counsel to DXC. Credit Suisse acted as financial advisor and White & Case LLP is acting as legal counsel to Luxoft, with Conyers Dill & Pearman acting as British Virgin Islands counsel to Luxoft.
As the world’s leading independent, end-to-end IT services company, DXC Technology leads digital transformations for clients by modernizing and integrating their mainstream IT, and by deploying digital solutions at scale to produce better business outcomes.
Luxoft is a global digital strategy and engineering firm providing bespoke technology solutions that drive business change for customers. As part of DXC Technology, Luxoft will use technology to enable business transformation, enhance customer experiences and boost operational efficiency through its strategy, consulting and engineering services.