Gartner to Acquire CEB for $2.6 Billion in Cash and Stock

STAMFORD, Conn. & ARLINGTON, Va.--(BUSINESS WIRE)--Gartner, Inc. (NYSE:IT), the world's leading information technology research and advisory company, and CEB Inc. (NYSE:CEB), the industry leader in providing best practice and talent management insights, today announced that they have entered into a definitive agreement whereby Gartner will acquire all of the outstanding shares of CEB in a cash and stock transaction valued at approximately $2.6 billion. The transaction has a total enterprise value of approximately $3.3 billion, including Gartner’s assumption of approximately $0.7 billion in CEB net debt. The transaction is immediately accretive to Gartner’s adjusted EPS and is expected to be double-digit percentage accretive in 2018. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the first half of 2017.