Sapiens (SPNS) announced the acquisition of Candela. The transaction is subject to customary closing conditions and expected to close during the second quarter of 2025. The acquisition of Candela is structured as a cash transaction. Candela non-GAAP full year 2024 revenues were $8M. Sapiens will pay an aggregate cash consideration of $22M. The acquisition will be accretive to profit starting from the fourth quarter of 2025. The transaction is expected to be completed during the second quarter of 2025. Upon completion, Candela will become wholly owned by Sapiens.
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