EPAM Acquires Emakina Group
Posted on 2021 Nov,10

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EPAM Systems, Inc., a leading digital transformation services and product engineering company, announces the acquisition of Emakina Group, a multi-award-winning digital agency.

Headquartered in Belgium with 1,100+ employees and a strong presence across Central and Western Europe, the Middle East, Asia, Africa, and North America, Emakina Group will enhance EPAM’s digital experience practice.

Emakina Group is a group of independent digital agencies, with 26 offices in 18 countries. They design and deliver innovative solutions to help clients build strong relationships with their customers. Its services include digital consulting, advertising, marketing, content creation, platform development, and data science and analytics. Operating across multiple sectors, including financial services, retail, energy and automotive, the group’s line-up of global and European clients include Nike, Honda, Intersport, Olympique Marseille, Rituals, KitchenAid and DP World.

“We’re pleased to welcome the Emakina Group to EPAM. Their teams add a layer of strategy, creativity and digital experience expertise to EPAM’s global digital and design portfolio,” said Balazs Fejes, President of EU and APAC Markets at EPAM. “Together, our combined capabilities connect strategic thinking with continuous execution—fusing strategy, engineering, creativity and analytics together to better serve our customers.”

“Our diverse workforce and talent expertise have enabled us to deliver digitally-powered transformations and experiences for our clients across multiple disciplines, including experience design, marketing strategy, CRM, transactional platforms, and database analysis,” said Karim Chouikri, CEO of Emakina Group.

“Combining with EPAM will allow us to augment and scale our future offerings—accelerating our digital design and engineering capabilities and helping our customers solve complex marketing and business challenges,” said Brice Le Blévennec, Chief Visionary of Emakina Group.

Allen & Overy (Belgium) LLP served as legal counsel and PwC served as diligence advisors to EPAM in the acquisition of Emakina Group.

On November 3, 2021, EPAM announced that it now holds 98.69% of the shares in Emakina Group.  EPAM will own 100% of shares after the squeeze out period is complete (30 November 2021).