Gartner to acquire AMR Research for $64M

http://boston.bizjournals.com/boston/stories/2009/11/30/daily17.html?ana=yfcpc
Technology-focused research firm Gartner Inc. has agreed to acquire Boston-based AMR Research Inc. for approximately $64 million in cash.
According to Gene Hall, CEO of Stamford, Conn.-based Gartner (NYSE: IT), the firm will add AMR Research’s team of approximately 40 research analysts and 45 sales executives to its ranks. However, Gartner stated it would likely achieve unspecified “operational efficiencies” following the closing of the purchase.
AMR Research also has a tech focus, more narrowly aimed at the supply chain management arena within the information technology field.
The local firm expects to generate approximately $40 million in revenue this year. The deal is subject to typical closing conditions. It is expected to close by Jan. 1, Gartner officials said.