Omegro Acquires Dassian
Deal News | Nov 26, 2024 | Globenewswire
Omegro, a multinational company, has announced the acquisition of Dassian, a company specializing in SAP Certified Add-ons for project and contract management in regulated industries. The acquisition, completed with the aim of broadening Omegro's reach in the compliance sector, demonstrates a strategic move to enhance Omegro’s capabilities, particularly in supporting large organizations' management of complex government contracts. Dassian, founded in 2007, boasts a strong portfolio in aerospace, defence, and technology sectors, known for aiding businesses in optimizing project accounting and enhancing compliance. This merger is seen as a beneficial collaboration, enabling the continued development of innovative solutions and fueling growth across these sectors. Both Peter Grant, Omegro Group Leader, and Leon Workin, Dassian CEO, express optimism about future synergies in product innovation, talent development, and market reach.
Sectors
- Aerospace and Defence
- Technology
- Compliance
Geography
- Canada – Omegro is based in Toronto, making Canada a relevant geography for the acquisition.
- Global – Both companies have a global reach, impacting worldwide industries such as aerospace and technology.
Industry
- Aerospace and Defence – Dassian specializes in providing services to highly regulated environments, including the aerospace and defense industry.
- Technology – Both Omegro and Dassian are involved in technological solutions, with Dassian offering SAP Certified Add-ons.
- Compliance – Dassian offers compliance solutions for complex government contracts, critical in sectors like life sciences and aerospace.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Omegro | Acquirer | Company | Omegro is a multinational company expanding its capabilities in compliance and project management. |
| Dassian | Target Company | Company | Dassian specializes in SAP Certified Add-ons for complex contract and project management. |
| Peter Grant | Group Leader at Omegro | Person | Peter Grant is leading the strategy for the acquisition of Dassian. |
| Leon Workin | CEO of Dassian | Person | Leon Workin is the CEO of Dassian, overseeing its integration with Omegro. |