Valtech Completes Acquisition Of Kin + Carta

By Author: jamescolin
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Valtech, a renowned leader in Experience Innovation on a global scale, has finalized its acquisition of Kin + Carta, a digital transformation consultancy. This strategic move solidifies Valtech's standing as the preferred partner for business transformation initiatives. With this acquisition, Valtech is better equipped to assist Fortune 500 companies and well-known brands in adapting to evolving consumer expectations, establishing robust technological frameworks, and fostering sustainable growth through exceptional experiences.

Olivier Padiou, CEO of Valtech, expressed, "Valtech has long aspired to be the foremost influencer in Experience Innovation globally. The completion of this acquisition marks a significant milestone in realizing that vision. By integrating Kin + Carta's extensive expertise and client portfolio, we embark on a new and promising journey. Our focus now is on empowering brands to set unprecedented benchmarks with intelligent, personalized experiences driven by data and AI, enriching lives, driving business growth, and reshaping how individuals perceive the world."

Kelly Manthey, CEO of Kin + ...
... Carta, echoed this sentiment, stating, "As two purpose-driven entities, the alignment between Valtech and Kin + Carta was natural. With shared cultural values, complementary capabilities, and a unified vision for our industry, our collaboration creates a stronger entity. Clients and technology partners will immediately reap the benefits of an enhanced suite of services, while our employees will enjoy expanded career prospects."

The transaction, valued at £239 million, was financed through a combination of shareholder equity and external debt, resulting in Kin + Carta's delisting from the London Stock Exchange. Effective immediately, Kelly Manthey assumes the role of CEO of Valtech Americas, while Chris Kutsor, Kin + Carta's CFO, transitions to the position of Valtech Americas CFO. Both Kelly and Chris will also join Valtech's Executive Committee.

Valtech's growth strategy has historically emphasized organic expansion alongside strategic acquisitions of specialized firms with complementary strengths. This approach has enabled Valtech to offer unparalleled breadth and depth in Experience Innovation. The acquisition of Kin + Carta represents a significant milestone, positioning Valtech closer to achieving a revenue milestone of 1 billion USD. Notably, this acquisition stands as Valtech's largest investment in the Experience Innovation domain, reinforcing its leadership stature in the industry.

https://www.techdogs.com/tech-news/business-wire/valtech-completes-acquisition-of-kin-carta