EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence

EPAM Systems Inc EPAM acquired CORE SE, a professional service provider specializing in IT strategy and technology-driven transformations, for undisclosed financial terms.
CORE is a technology think tank with office locations in Germany (Berlin), UAE (Dubai), UK (London), and Switzerland (Zurich).
EPAM's acquisition of CORE SE will further expand its Western European footprint within the DACH region.
"The acquisition of CORE SE is part of EPAM's strategy to respond to the growing business needs of our Western European-based clients to execute on their Technology Transformation agenda across various industries," said Balazs Fejes, President for EU and APAC Markets, at EPAM.
CORE develops solutions based on market knowledge, in-depth technology expertise, and high methodological competence focusing on IT strategy, IT architecture, solution design, and software development.
EPAM held $1.4 billion in cash and equivalents as of March 31, 2021.
Price action: EPAM shares traded lower by 1.34% at $546.25 on the last check Tuesday.