NoVa IT firm acquires Swiss software developer

Published January 7, 2019 by Michael O'Connor

Tysons-based DXC Technology and Switzerland-based Luxoft Holding Inc. announced on Monday an agreement under which DXC would acquire Luxoft, a global software developer.

The deal is valued at around $2 billion. DXC would pay $59 per share in cash for each issued and outstanding Luxoft Class A and Class B shares, according to the terms of the agreement.

DXC, an information technology company, said in a press release it expects the acquisition to close by June.