NEWS9 January 2017

Gartner buys CEB for $2.6bn

M&A News North America

US – Information technology research company Gartner has acquired talent management insights business CEB for $2.6 billion.

Under the terms of the agreement, CEB shareholders will receive $54.00 in cash and 0.2284 shares of Gartner common stock for each share of CEB common stock they own.

The total $77.25 per share consideration is a 31% premium on the average value of CEB stock over the past 30 days.

Gene Hall, chief executive officer of Gartner, said: “We are excited about joining forces with CEB, a world-class company we have long admired. Our highly complementary business models will create the leading global research and advisory company for all major functions in the enterprise.”

Tom Monahan, chairman and chief executive officer of CEB, said: “We have long admired Gartner for its impact on clients and track record of growth. We’re pleased to reach this agreement, which offers compelling benefits to CEB shareholders, clients and employees.”