Globant Acquires Europe's Digital Marketing Consulting Firm HABITANT For Undisclosed Sum

Globant SA GLOB announced it had acquired Barcelona-based HABITANT. It is a consulting firm specializing in digital marketing strategy, Paid Media, MAdTech, and Digital Sales.
The financial terms of the transaction were not disclosed.
The acquisition reinforces Globant's Europe expansion plans.
HABITANT's work integrating disciplines like digital marketing, technology, design, creativity, innovation, and data is a great complement to developing unique strategies and solutions that generate long-term transformations, Globant CEO Martin Migoya said.
Globant held $298.2 million in cash and equivalents as of Dec. 31, 2020.
Globant will announce Q1 FY21 results tomorrow. Wall Street expects an EPS of $0.80 and revenue of $259.30 million.
Price action: GLOB shares traded lower by 3.359 at $205.42 on the last check Wednesday.