January 7, 2019
DXC Technology Company (NYSE: DXC) has announced that it has agreed to acquire all outstanding equity of Luxoft Holding, Inc (NYSE: LXFT), a global-scale digital innovator with differentiated offerings, deep vertical industry expertise and world-class digital talent, for $59.00 per share in cash, representing a total equity value of approximately $2 billion. DXC and LXFT will offer a differentiated customer value proposition for end-to-end digital transformation by combining LXFT’s digital engineering capabilities with DXC’s expertise in IT modernization and integration. Closing of the transaction is anticipated by June 2019 and is subject to customary conditions and regulatory approvals.
Latham & Watkins LLP represents DXC in the transaction with a corporate deal team led by New York partner Peter Harwich and Silicon Valley/New York partner Josh Dubofsky, with associates Edmond Parhami, Jordan Klein, Ryan Post, and Marc Klepner in New York. Advice was also provided on tax matters by New York partner Lisa Watts and London partner Sean Finn, with associates Eric Kamerman in Washington, D.C. and Aoife McCabe in London; on employee benefits matters by Los Angeles partner Michelle Carpenter and London partner Stephen Brown; on regulatory matters by Washington, D.C. partners Les Carnegie and Eric Volkman, with associates Bridget Reineking and Joseph Bargnesi in Washington, D.C.; on antitrust matters by Brussels partner Hector Armengod and Washington, D.C. counsels Peter Todaro and Alan Devlin, with associate Tomas Nilsson in Brussels; on intellectual property matters by New York partner Steven Betensky, with associate Mathilda Persson in New York; and on certain Russian law matters by Moscow partner Mikhail Turetsky, with associates Nina Malkova and Oksana Uberwolf in Moscow.