Stamford-Based Company Makes $2.6 Billion Acquisition

STAMFORD, CT — Stamford-based Gartner acquired IT research and advisory firm CEB for $2.6 billion in cash and stock.

The total cost of the deal is about $3.3 billion because Garter is assuming $700 million in debt from Virginia-based CEB.

The transaction was approved by the board of directors for both companies, according to a Gartner press release.

“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,” said Gene Hall, chief executive officer of Gartner.

Image via Shutterstock