Endava plc (NYSE:DAVA) agreed to acquire GalaxE Group, Inc for approximately $410 million on February 29, 2024. The consideration is primarily in cash with some stock, of which $30 million is conditional upon future performance of the GalaxE business. The transaction is subject to the completion of customary closing conditions, approvals, including the expiration of the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close in early April 2024.

BofA Securities, Inc. acted as financial advisor and Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Endava plc (NYSE:DAVA). J.P. Morgan Securities LLC acted as financial advisor and White & Case LLP acted as legal advisor to GalaxE Group, Inc.