Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 7.030

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Oct 31 9:30 AM EST

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To: richardred who wrote (4698)	2/15/2018 12:01:16 PM
From: richardred	of 7239

RE-CTG speculation As with LNCE one of my top past picks for the SITT board. The SITT hypothetical target is doing the acquiring. Can lightning strike twice in the same place again? As with LNCE I'm holding on. I do like this part. SNIP>The business will add approximately $30 million annualized revenue, and is expected to be immediately accretive to the company's operating margin and adjusted earnings. Computer Task Group Acquires Paris-Based Soft Company BY MT Newswires — 8:49 AM ET 02/15/2018 08:49 AM EST, 02/15/2018 (MT Newswires) -- Computer Task Group ( a provider of information technology services, said Thursday it has acquired Paris-based Soft Company, a consulting and engineering company with capabilities in both business and information systems, in an all-cash transaction valued at $16.5 million plus potential earn-out payments. The business will add approximately $30 million annualized revenue, and is expected to be immediately accretive to the company's operating margin and adjusted earnings. "The acquisition of Soft Company is a significant milestone in CTG's growth strategy as it expands our portfolio of services and opens up an important new and growing market in France," said CEO Bud Crumlish. "More specifically, this transaction broadens CTG's strong existing market positions in Belgium and Luxemburg, while providing us with increased scale and offerings to serve a highly diverse group of European clients. The combined organization will also benefit from the ability to leverage the outstanding reputations of each company as we continue to deliver exceptional service that addresses our clients' business and technology challenges. We are pleased and excited to have Soft Company join our group of companies." investors.ctg.com

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