CTG Completes Acquisition of Tech-IT
Computer Task Group, Incorporated (CTG)
Last computer task group, incorporated earnings: 10/22 06:55 am
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Source: GlobeNewswire
BUFFALO, N.Y., Feb. 06, 2019 (GLOBE NEWSWIRE) -- CTG, Inc. (NASDAQ: CTG) hereby referred to as "CTG" or the "Company”, a leading provider of information technology (IT) solutions and services in North America and Western Europe, today announced the successful completion of CTG’s previously announced transaction to acquire Luxembourg-based Tech-IT PSF S.A. ("Tech-IT"), a leading consulting and IT solutions company. Initially announced on January 3, 2019, the acquisition closed and became effective today, with the Tech-IT business now operating as a wholly-owned subsidiary of CTG Luxembourg PSF S.A. ("CTG Luxembourg"). As previously indicated, CTG anticipates the acquired business to be immediately accretive to its operating results, excluding customary acquisition-related expenses. Additional details on the transaction can be found in CTG’s current report on Form 8-K, to be filed by the Company today, February 6, 2019, with the U.S. Securities and Exchange Commission at www.sec
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