# Novitex and SourceHOV to merge with Quinpario to form Exela Technologies in $2.8B deal

Affiliates of Apollo and HGM agreed to combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to form Exela Technologies, a public company, in a transaction valued at $2.8 billion.

- Type: Acquisition
- Announced: 2017-02-21
- Where: United States
- Value: $2.80B
- Status: announced
- Products: business process automation, document management, supply chain services

## Companies

- [Novitex](https://endata.com/companies/16796.md) (target)
- [SourceHOV](https://endata.com/companies/16797.md) (target)
- [Quinpario Acquisition Corp. 2](https://endata.com/companies/16798.md) (acquirer)
- [Exela Technologies](https://endata.com/companies/16799.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/novitex-and-sourcehov-to-merge-with-quinpario-to-form-exela-technologies-in-28-idUSASB0B1GB/), 2017-02-22: "Affiliates of Apollo and HGM agree to combine novitex and Sourcehov with Quinpario acquisition corp. 2 to form exela technologies, a public company in a transaction valued at $2.8 billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.