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On the Record · Exela Technologies

Exela Technologies acquisitions, on the record

The businesses Exela Technologies bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Asterion International Group
Word for word“On April 10, 2018, Exela completed the acquisition of Asterion International Group, a well-established provider of technology driven business process outsourcing, document management and business process automation across Europe.” 10-K for 2021
acquisitionOn April 10, 2018—
tax benefits consulting group
Word for word“we consummated the sale of our tax benefits consulting group in March 2020 and our physical records storage and logistics business in July, 2020.” 10-K for 2021
divestitureMarch 2020—
physical records storage and logistics business
Word for word“On July 22, 2020, the Company completed the sale of its physical records storage and logistics business for a purchase price of $12.3 million.” 10-K for 2021
divestiture——
SourceHov Tax, LLC
Word for word“On March 16, 2020, the Company and its indirect wholly owned subsidiaries, Merco Holdings, LLC and SourceHOV Tax, LLC entered into a Membership Interest Purchase Agreement with Gainline Source Intermediate Holdings LLC at which time Gainline Source Intermediate Holdings LLC acquired all of the outstanding membership interests of SourceHov Tax, LLC for $40.0 million subject to adjustment as set forth in the purchase agreement.” 10-K for 2021
agreed divestitureOn March 16, 2020$40.0 million
SourceHOV Holdings, Inc. and Novitex Holdings, Inc.
Word for word“On July 12, 2017 (the “Closing”), the Company consummated its business combination with SourceHOV Holdings, Inc. (“SourceHOV”) and Novitex Holdings, Inc. (“Novitex”) pursuant to the Business Combination Agreement, dated February 21, 2017, among the Company, Quinpario Merger Sub I, Inc., Quinpario Merger Sub II, Inc., SourceHOV, Novitex, HOVS LLC, HandsOn Fund 4 I, LLC and Novitex Parent, L.P., as amended (the “Novitex Business Combination”).” 10-K for 2021
mergerOn July 12, 2017—
European business (merged with CF Acquisition Corp. VIII, to form XBP Europe Holdings, Inc.)
Word for word“On October 9, 2022, we entered into a definitive merger agreement to merge our European business with CF Acquisition Corp. VIII (“CFFE”), a special purpose acquisition company, to form a new publicly-traded company which will be called XBP Europe Holdings, Inc.” 10-K for 2022
agreed divestitureOn October 9, 2022—
high-speed scanner business
Word for word“On June 8, 2023, the Company completed the sale of its high-speed scanner business for a purchase price of approximately $30.1 million, subject to final working capital adjustments.” 10-K for 2023
divestitureJune 8, 2023approximately $30.1 million
CF Acquisition Corp. VIII
Word for word“On November 29, 2023, the Company completed the merger of its European business with CFFE.” 10-K for 2023
mergerNovember 29, 2023—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31—$13.6 million
2017-12-31$423.8 million$406.5 million
2018-12-31$34.8 million$5.6 million
2019-12-31$5 million—
2020-12-31$12.5 million—

Deal filings since 2016

Read from Exela Technologies’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-04-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.