Argentina: Globant acquires 100% of Grupo Assa

Globant acquires 100% of Grupo Assa

On July 31 2020, Globant S.A., a digitally native technology services company, acquired Grupo Assa (“gA”), a leading digital and cloud transformation services company, to strengthen its leadership in digital and cognitive transformation.

Globant acquired 100% of the capital stock of Grupo Assa Worldwide S.A., subject to certain adjustments and installments, including an earn out based on certain revenue targets, and part of the consideration is payable in equity of Globant S.A.

Globant is a digitally native company where innovation, design and engineering meet scale. They use the latest technologies in the digital and cognitive field to transform organizations in every aspect. They are listed in the NYSE since 2014.

gA is a global technology company that uses digital platforms and transformation services to empower large companies in America and Europe to reformulate their business models and organizations harnessing the insights and power of data, AI and people.

Bruchou, Fernández Madero & Lombardi, through its partners Estanislao H. Olmos (M&A) and Alejandro Perelsztein (who assisted gA for the last 15 years), along with associated Juan José Romano Blanco, assisted the ultimate controlling shareholder of gA.

Partners Gabriel Lozano (Antitrust) and Daniela Rey (Tax), and senior associates Florencia Angélico and Geraldine Moffat, and associates David Kahansky, Facundo Palczikowski, and Mayra Mammana, also joined the team.

Globant was assisted by Pablo Rojo, its external counsel for M&As and strategic matters, along with Beatriz Breccia. From the in-house legal department also participated Sol Noello, Globant’s general counsel, and Laura Navarro, in-house Corporate Counsel.