Valtech has completed its acquisition of international digital transformation consultancy Kin + Carta, to bolster its own global transformation services business.
The previously announced acquisition, valued at £239m, is funded by a combination of shareholder equity and external debt, and sees Kin + Carta delisted from the London Stock Exchange.
Kin + Carta adds over 1,900 consultants, engineers, and data scientists to Valtech’s 6,000-strong global team.
Valtech customers include L’Oreal, LVMH, Mars, P&G, Volkswagen, and Dolby.
“Valtech’s vision has always been to become the world’s most influential ‘experience innovation’ company. This acquisition marks a pivotal moment in achieving that,” said Olivier Padiou (right in picture), CEO of Valtech. “By bringing Kin + Carta’s extensive expertise and client roster into the fold, we enter a new and exciting era.”
Kelly Manthey (left in picture), CEO of Kin + Carta, added: “With clear cultural alignment, complementary capabilities, and a shared vision for our industry, we are much stronger together. Our clients and technology partners will see the immediate benefits of a better, broader range of services.”
Manthey will become CEO of Valtech Americas, and Chris Kutsor, Kin + Carta CFO, will take the role of Valtech Americas CFO. They will also join Valtech’s executive committee.
