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Advent International and CEMEX partner to develop NEORIS

Advent International (Advent), a global private equity investor, is to partner with CEMEX to accelerate the growth and development of NEORIS, a digital accelerator and business partner to some of the largest companies in the world.

With Advent’s support, NEORIS will deepen its focus on cutting-edge, high-growth verticals such as artificial intelligence, data science, cloud solutions, and automation, among others. These verticals are aligned with CEMEX’s priorities for its continued digital transformation. NEORIS will also continue focusing on strategic industries such as financial services, telecommunications, media, manufacturing, retail, and consumer packaged goods, among others.

Subject to satisfaction of closing conditions, including approvals from antitrust authorities, Advent and CEMEX expect to finalise the transaction during the second half of 2022.

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