[TechUkraine news] Ciklum acquires CN Group from Genesis Capital

Ciklum, a global product engineering and digital services company, today announced its acquisition of CN Group – Nearshore SW Development, a Czech-based software development firm from Genesis Capital , one of the leading CEE private equity funds.
  • With the acquisition deal, Genesis Capital, which invested in CN Group in 2019, has sold 100% of its shareholding to Ciklum.
  • The deal will facilitate Ciklum’s ambitious growth plans in the CEE and DACH markets.
  • CN Group is headquartered in Prague, with five nearshore delivery locations in central Europe. The company serves 62 international customers, including P&G, Strabag, TF Bank, BUNTE.de and FlatexDEGIRO, across more than 7 markets.
  • With Delivery across Czechia, Slovakia, Ukraine, Poland, Romania, and Spain, supported by a best-in-class employee culture and learning environment for engineering talent, the united companies will represent one of the largest digital transformation providers in the CEE region with global reach.
via dev.ua