WALTHAM, Mass.-Primark Corp. has acquired Yankee Group Research Inc., a market research and consulting firm in the communications and computing field.
The transaction includes cash payments of $34 million and contingent payments during three years, which could reach a maximum of $31 million if revenues and profits grow 30 percent annually in that period, Primark said. The company reported $14 million in revenues for 1995.
“The Yankee Group is an exceptional opportunity for Primark to add additional information content to our global information services business,” said Joseph Kasputys, Primark’s chairman and chief executive officer. “The Yankee Group performs market research on information technology topics and trends, while TASC, our applied technology company, actually develops advanced information systems for its customers,” he added.
