EPAM to acquire NEORIS for $630M cash; expands LATAM delivery capabilities

EPAM Systems, Inc.

Purchase price $630M in cash, subject to customary adjustments; expected close Q4 2024.
NEORIS is a Miami-based consultancy with 4,700+ professionals in LATAM, Spain, US.
Sellers are Advent International and Cemex; NEORIS CEO Martin Mendez will join EPAM.
Acquisition strengthens EPAM's nearshore delivery in Latin America and Europe across key industries.
Regulatory approvals needed; termination date March 2025 with possible 105-day extension.

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