Global digital transformation consultancy Kin + Carta has agreed to acquire Bulgarian software development company Melon Group and its subsidiaries, including Melon Technologies and Frakton LLC.
The acquisitions bolster Kin + Carta’s pure-play digital transformation capabilities and are the latest in the publicly listed B Corp’s purpose-driven global growth strategy - expanding its services and geographic reach.
Melon Group is a fast-growing software engineering business with a 300-strong team of web, mobile, and data specialists working across Bulgaria, North Macedonia, and Kosovo. Its sector specialisms include MedTech, fintech, banking, and human resources. It is headquartered in Sofia and led by chief executive Krum Hadzhigeorgiev. This pan-European expansion is part of its plans to expand to South-Eastern Europe and complements Kin + Carta Greece to build a new European hub that drives expansion into Central and Northern Europe.
The acquisition is subject to clearances from the North Macedonian and Kosovan competition authorities and will complete following these clearances, expected to be in the second quarter of 2022.
J Schwan, Kin + Carta CEO, said: “The acquisitions of Melon and Frakton, mark a significant move in our ambition to scale globally and accelerate our growth. Identifying, acquiring, and integrating brilliant new businesses into Kin + Carta broadens our reach and creates opportunities to learn from experts in their craft. These could be new or deeper capabilities or new strategic territories to establish a Kin + Carta presence. Expanding our nearshore production capabilities allow us to serve more clients, creating new jobs both onshore and nearshore.
“Significantly, Melon’s culture chimes with our own mission as we champion responsible business as one of the first publicly-traded triple bottom line businesses that measure our impact on people, planet, and profit equally.”
Krum Hadzhigeorgiev, Melon CEO, added: “Joining the Kin + Carta family enables us to make the most of the significant surge in demand for digital transformation as a result of the pandemic. It’s an exciting time for our sector, a time of growth. We’re excited to be part of a global business, one that is as committed as we are to building a world that works better - for everyone.”
Çelik Nimani, Frakton CEO added: "It’s been a very dynamic year for us in 2021 when we joined forces with Melon, and to kick off 2022 with this exciting adventure ahead with Kin + Carta, represents a whole new level for us and the entire tech scene of Kosovo, Europe’s youngest nation, which coincidentally just celebrated it’s 14th independence day just a couple of days ago”!
About Kin + Carta
Kin + Carta is a global digital transformation consultancy committed to working alongside our clients to build a world that works better for everyone.
Our 1,700 strategists, engineers, and creatives around the world bring the connective power of technology, data, and experience to the world’s most influential companies, helping them to accelerate their digital roadmap, rapidly innovate, modernize their systems, enable their teams, and optimize for continued growth.
As a Certified B Corp, our triple bottom line focus on people, the planet, and profit are at the core of everything we do. For more information, please visit www.kinandcarta.com.
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