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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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International Business Machines Corporation completed the acquisition of Nordcloud Oy from Fernando Herrera and other existing shareholders.

02/28/2021 EDT

International Business Machines Corporation (NYSE:IBM) entered into an agreement to acquire Nordcloud Oy from Fernando Herrera and other existing shareholders on December 21, 2020. Post completion, Nordcloud will become an IBM Company and Nordcloud staff will join IBM. The transaction is subject to customary closing conditions including regulatory approvals and is expected to close in the first quarter of 2021. Arma Partners LP acted as financial advisor for Nordcloud and Mike Turner of Latham & Watkins (London) LLP acted as legal advisor for the shareholders of Nordcloud. Lazard Ltd and Barclays PLC acted as financial advisors to International Business Machines Corporation in the transaction. International Business Machines Corporation (NYSE:IBM) completed the acquisition of Nordcloud Oy from Fernando Herrera and other existing shareholders in February 2021. The purchase consideration for the acquisition of Nordcloud includes a fair value estimate of contingent consideration to be paid annually through the first quarter of 2024 upon achieving certain revenue milestones. The annual payments are not expected to be material. During the six months ended June 30, 2021, IBM completed seven acquisitions for a total purchase price of $2.9 billion. Nordcloud will be integrated into the Global Business Services segment. Ben Ward of Herbert Smith Freehills LLP acted as the legal advisor to International Business Machines Corporation.


© S&P Capital IQ 2021
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Analyst Recommendations on INTERNATIONAL BUSINESS MACHINES CORPORATION
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Financials (USD)
Sales 2021 75 218 M - -
Net income 2021 6 926 M - -
Net Debt 2021 46 531 M - -
P/E ratio 2021 17,7x
Yield 2021 4,61%
Capitalization 122 B 122 B -
EV / Sales 2021 2,24x
EV / Sales 2022 2,18x
Nbr of Employees 345 900
Free-Float 39,8%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 136,43 $
Average target price 149,14 $
Spread / Average Target 9,32%
EPS Revisions
Managers and Directors
Arvind Krishna Chairman & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Michael L. Eskew Lead Independent Director
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