By Dominic Chopping

STOCKHOLM--EQT will acquire U.S. digital consultancy Perficient in an all-cash deal valued at around $3 billion, the companies said late Sunday.

Swedish private-equity firm EQT said it will pay $76 a share, a 58% premium to Perficient's closing price of $48.11 on Friday.

"Today's announcement is the result of a comprehensive review by the board to maximize value for the company and its shareholders," said Jeffrey Davis, Perficient Chairman.

"With this agreement with EQT, we will provide our shareholders with compelling, certain cash value for their shares while continuing to support our clients."

St. Louis-based Perficient will be delisted from Nasdaq following completion, which is expected by the end of 2024.

The deal has been unanimously approved by Perficient's board and the companies said Tom Hogan will continue as chief executive while the current management team will also remain in place.

EQT said with the acquisition, its BPEA Private Equity Fund VIII is expected to be 55%-60% invested.

Write to Dominic Chopping at

(END) Dow Jones Newswires

05-06-24 0210ET