Wavestone buys Sand Cherry in the US, shares rise

Wavestone SA

14/09/2026 08:19

** Shares in Wavestone WAVE.PA rise 2.8% after the French consulting firm said it would buy U.S.-based Sand Cherry for an initial purchase price of $35 million, fully funded with cash
** "This is a small acquisition at group level, but significantly larger when considered in the context of the U.S. alone," Portzamparc says in a note
** The brokerage sees the deal as highly complementary, saying it opens Wavestone up to the West Coast and broadens its client portfolio
** Wavestone shares are on track for their best day since August 4 if the gains hold

(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))