Dragon Capital Advised Nortal on its Acquisition of Skelia

Dragon Capital Advised Nortal on its Acquisition of Skelia

26.05.2022 05:13

Multinational strategic change and technology company Nortal announced acquiring Skelia, an international leader in building cross-border IT and engineering organizations and affiliate companies in Eastern-Europe. Dragon Capital acted as exclusive financial advisor to Nortal in this transaction.

Nortal is a global digital transformation leader carrying out high-impact, mission-critical projects for leading businesses and governments in North America, Europe and the Middle East. Acquisition brings Skelia’s cross-border organization-building expertise to Nortal’s unparalleled ability to deliver value by complex digital transformation projects.

“Skelia has established itself as an international leader in building dedicated multi-site technology teams in areas where customers want to stay in control and experience premium team stability and service quality. Their strong presence in Western Ukraine and Poland provides Nortal an excellent platform for growth. Together, we are able to further expand the business across different geographies and time zones while strengthening our offering and serving customers across the full value spectrum, seamlessly”, commented Priit Alamäe, CEO & Founder of Nortal.

“Many companies have been downscaling their operations in Ukraine or even pulling out. To the contrary, both Nortal and Skelia believe in the unique future of Ukraine and the strength of its people. Together, we are in a stronger position to create international development opportunities for the local talent in Ukraine”, Priit Alamäe added.

“We were delighted to advise Nortal on this landmark acquisition and are convinced that Skelia is the right partner to grow in the region. This deal proves that Ukraine’s export-oriented IT services sector has a global future for it ahead. We wish the Nortal and Skelia teams a successful journey together,” said Mykhailo Granchak, Managing Director of Investment Banking at Dragon Capital.

Info. Founded in 2000, Nortal employs over 1400 people and has 20 offices in Europe, the United States, and the Middle East. Nortal’s Seamless Teams bring together world-class strategic consulting, software engineering, product and customer experience, project management and design practices to create meaningful impact for customers and seamlessly deliver the future.  For additional information about Nortal, please visit www.nortal.com.

Skelia was founded in 2008 and it currently employs more than 350 people, mostly in Ukraine and Poland. Skelia serves customers in 10 countries and operates through a global network of offices in the Benelux, Poland, Ukraine, and the United States. For additional information about Skelia, please visit www.skelia.com.

Dragon Capital is a leading Ukrainian group of companies in the field of investment and financial services, offering a comprehensive range of products in equities and fixed income sales, trading and research, investment banking, private equity and asset management to institutional, corporate and private clients. Since its inception, Dragon Capital’s Investment Banking team has advised on more than 150 deals, including M&A transactions, private and public fundraisings with the total value of deals exceeding $6bn. For additional information about Dragon Capital please visit www.dragon-capital.com.

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