Valtech focuses on experience innovation as it completes acquisition of Kin + Carta for £239m in all cash deal
Digital services firm Valtech has completed its acquisition of the digital transformation consultancy Kin + Carta.
“Our vision has always been to become the world’s most influential experience innovation company. This acquisition marks a pivotal moment in achieving that,” says Olivier Padiou, CEO at Valtech.
“By bringing Kin + Carta’s extensive expertise and client roster into the fold, we enter a new and exciting era. This means helping brands set new standards with intelligent and personalised experiences, powered by data and AI, that touch lives, grow businesses, and change how people experience the world.”
“As two purpose driven companies, it felt natural for Valtech and Kin + Carta to join forces,” says Kelly Manthey, CEO at Kin + Carta.
“With clear cultural alignment, complementary capabilities, and a shared vision for our industry, we are much stronger together. Our clients and technology partners will see the immediate benefits of a better, broader range of services. Our people will benefit from expanded career opportunities.”
The transaction, valued at £239 million, is funded by a combination of shareholder equity and external debt and sees Kin + Carta delisted from the London Stock Exchange.
Kelly Manthey, Kin + Carta CEO, will become CEO of Valtech Americas and Chris Kutsor, Kin + Carta CFO, will take the role of Valtech Americas CFO.
They will also join Valtech’s executive committee.
“This deal represents a strategic acceleration of our vision," adds Padiou.
“Experience innovation calls for a comprehensive strategy that seamlessly integrates and coordinates investments in four critical domains: cloud platforms, data and AI, app modernisation, and customer-facing digital channels to create world class customer experiences that drive sustainable growth.”
“We think about these domains as existing along an 'innovation continuum’. Our focus on this virtuous cycle sets us apart from other organisations. We understand that for business to truly evolve, we cannot just fix individual problems but must modernise and change whole ecosystems."
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