secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001352010-24-000031
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000031/0001352010-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000031/epam-20240828.htm
  HTML page:      https://secwatch.observer/filing/0001352010-24-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer