Epam Systems Announces Major Acquisition and Regulatory Moves

Epam Systems (EPAM) has shared an update.

EPAM Systems, Inc. has entered into an agreement to acquire 99.692% of Neoris’s ordinary shares for $630 million, with adjustments for cash, debt, and other financial factors. The deal, which includes customary representations and covenants, non-solicitation clauses, and efforts to obtain regulatory approvals, is subject to standard closing conditions and is expected to close by the end of 2024. However, the agreement allows for termination under certain circumstances without liability, except in cases of willful breach.

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