KKR Acquires Ness Digital Engineering

Ness Digital Engineering Acquires Niyuj

January 18, 2022

IT Services

Ness Digital Engineering has acquired Niyuj, a Pune-based software product engineering firm with roughly 200 engineers, to strengthen Ness’s product engineering and digital infrastructure capabilities across networking, security, storage and cloud solutions. The acquisition expands Ness’s Technology and ISV vertical capabilities and adds engineering capacity for building software products for startups and Fortune 500 clients.

Ness Digital Engineering Acquires Risk Focus

May 14, 2021

IT Services

Ness, a digital engineering firm and portfolio company of The Rohatyn Group, has agreed to acquire Risk Focus, a New York–headquartered consulting firm specializing in digital transformation for financial services. The acquisition is an add-on to Ness's industry cloud and data capabilities, intended to deepen its cloud, data and AI advisory and delivery for financial services clients; financial terms were not disclosed.

Ness Digital Engineering Acquires Raja Software Labs

December 4, 2024

IT Services

Ness Digital Engineering has acquired Raja Software Labs (RSL), a Silicon Valley–based product engineering firm specializing in high-volume mobile, web and IoT applications, to strengthen Ness's product engineering and TMT capabilities. RSL's management team, led by CEO Raja Venkataraman, will join Ness; Avendus Capital acted as exclusive financial adviser to RSL. Ness is a portfolio company of KKR, which supports its M&A strategy.

Ness Digital Engineering Acquires Intricity

May 8, 2024

Data & Analytics

Ness Digital Engineering has acquired Intricity, a New York–based provider of data strategy, governance, modernization, and monetization solutions. The deal deepens Ness’s data strategy and advisory capabilities (including Intricity’s Snowflake and Databricks alliances) and will allow Ness, a KKR-backed platform, to accelerate data and AI offerings for large enterprise clients.

Karnell Group Acquires NE Engineering Ltd

July 12, 2024

Manufacturing

Karnell Group AB (publ) has acquired a 90.1% stake in NE Engineering Ltd, a Norwich-based precision engineering company specializing in CNC milling and turning. The acquisition expands Karnell's Niche Production business area, with NE's founders retaining 9.9% and an earnout tied to 2024–2025 performance; Karnell cited technical capability and cross-sell potential with its existing UK assets as drivers of the deal.

Bain Capital Acquires Controlling Stake in Engineering Group

February 5, 2020

IT Services

Bain Capital Private Equity signed a definitive agreement to acquire a controlling stake in the Engineering Group, the leading Italian IT services and digital transformation business, from funds advised by Apax Partners and Neuberger Berman. Neuberger Berman will reinvest alongside Bain Capital; the transaction remains subject to regulatory approvals. Engineering is headquartered in Rome and employs more than 11,000 professionals across multiple countries.