TELUS International Acquires WillowTree for US$1.225B
October 27, 2022
TELUS International has entered a definitive agreement to acquire WillowTree, a Charlottesville-based digital product consultancy, for a total enterprise value of US$1.225 billion. The acquisition, in which majority stakeholder Insignia Capital Group will sell its stake, expands TELUS International’s digital design and engineering capabilities, client roster and onshore/nearshore delivery footprint; the deal is expected to close in January 2023 subject to customary conditions.
- Buyers
- TELUS International, TELUS Corporation
- Targets
- WillowTree
- Sellers
- Insignia Capital Group
- Industry
- IT Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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