DXC Technology is to acquire global technology services and consulting company Luxoft in a mammoth $2bn deal.
Luxoft will maintain its brand and continue to be led by Dmitry Loschinin, President and CEO, who reports to Mike Lawrie, Chairman, President and CEO of DXC Technology.
“Our shared vision of digital transformation makes this strategic combination a great fit for both organisation,” said Lawrie.
“Luxoft has a track record and expertise in producing measurable business outcomes at scale for global clients across key industries, including automotive and financial services.
"The addition of Luxoft accelerates DXC’s growth strategy as we equip the company to meet the digital requirements of our clients.”
Luxoft offers digital capabilities in areas such as analytics, UX/UI, IoT and blockchain, and is a key player in outsourced engineering services, cloud and devops. The company employs more than 13,000 staff.
The acquisition is expected to expand DXC’s digital offerings portfolio, broaden its presence in high growth verticals, enhance access to engineering talent globally and strengthen its digital value proposition overall.
The focus of the transaction will be on accelerating growth for DXC, with a focus on cross-selling digital services, expanding into new markets and scaling digital talent.