IT company with offices in Ukraine Grid Dynamics acquires UK-based Tacit Knowledge

The company Grid Dynamics has acquired Tacit Knowledge, headquartered in London. The press service of the company told AIN.UA. Grid Dynamics is one of the top 25 largest IT companies in Ukraine, according to the DOU. The Ukrainian offices employ almost 1,000 people.

Details of the deal

The financial details of the deal were not disclosed. However, the company announced that the entire Tacit Knowledge team of more than 180 employees from the United Kingdom, Mexico, Moldova, and the United States, including senior-level management, will join Grid Dynamics as a result of the acquisition.

The merger will expand Grid Dynamics’ service and solution offerings, accelerate the growth of its new customer base, and strengthen its portfolio in Europe and Asia. For Grid Dynamics and Tacit Knowledge employees and partners, the deal will enable them to work in new markets with in-depth technology and business expertise.

About Grid Dynamics

Grid Dynamics specializes in designing and implementing digital transformation programs for companies in the financial, technology, and retail sectors. Grid Dynamics’ clients are among the Fortune 1000. They include Google, Apple, Microsoft, Tesla, PayPal, and other technology giants.

Grid Dynamics has offices in the United States, Central and Eastern Europe. There are development centers in Kyiv, Kharkiv, Lviv, Dnipro, and other cities.

Earlier, in December 2020, Grid Dynamics acquired Daxx, a Dutch IT company with four R&D centers in Ukraine: in Kyiv, Kharkiv, Dnipro, and Lviv.

About Tacit Knowledge

Tacit Knowledge, founded in 2002, is a provider of technology solutions for digital commerce and serves clients across the UK, North America, continental Europe, and Asia. It works with global brands in the CPG, finance, and commerce industries.

Among the main clients of Tacit Knowledge world leaders are Visa, LVMH, Shimano, and others.