Monksland based engineering business Sidero, has been acquired by a prominent US company.
GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering, has announced that it has entered into a definitive agreement to acquire Sidero Ltd, the Athlone based engineering services and cloud-native software development company with deep technology specialisation in the Communications vertical. This strategic acquisition aims to bolster GlobalLogic’s capabilities in the dynamic Communications technology sector, and expands its European presence in Ireland.
Organisations in the communications industry continue to be the most disruptive when it comes to digital transformation. Sidero’s expertise in technologies such as Radio Access Networks (RAN ), Self-Optimising Networks (SON ), Cloud, and Agile development practices are a clear complement to GlobalLogic’s deep engineering portfolio.
Sidero’s talented experience design and engineering teams based in Athlone, Republic of Ireland & Newry, Northern Ireland, facilitate the creation of innovative solutions that will directly benefit GlobalLogic’s current and future clients.
“GlobalLogic has long been recognised for its digital engineering prowess, unique and diverse employee culture, as well as a delighted community of clients. We are excited about the synergies that will be created by our combined organisations, and we look forward to providing differentiated capabilities and enhanced value to our customers in Ireland and across the globe,” Ms Carmel Owens, CEO, Sidero, said.
“We are thrilled to welcome the talented Sidero team into the GlobalLogic family. Our deep roots in communications technology are a perfect complement to Sidero’s expertise and competencies. With our combined strengths, we will bring tremendous value to our mutual clients and further enhance our leadership in this and other highly dynamic verticals,” Nitesh Banga, President and CEO of GlobalLogic, stated.
The terms of the transaction have not been disclosed, but under the acquisition agreement, Sidero will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic. The transaction is subject to customary regulatory approval and is expected to close in the second half of calendar 2023.
