MINNEAPOLIS & AMSTERDAM--(BUSINESS WIRE)--Dec 22, 2025--
Coherent Solutions, a global digital engineering firm, has announced the closing of the strategic investment from IceLake, a leading private equity investor specializing in partnering with high-growth business services organizations. The transaction, previously announced in September 2025, has now received all necessary regulatory approvals.
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Coherent Solutions employs ~2,000 digital engineering, product, and design professionals across Europe and Latin America. The company builds and modernizes digital products and platforms for growing scale-ups and established global brands.
“In a market saturated with AI claims, we’re seeing clients prioritize partners who can convert technology into measurable business outcomes,” said Igor Epshteyn, CEO of Coherent Solutions. “Staying grounded in digital value creation, while applying AI in ways that are practical, achievable, and tied to real impact, continues to differentiate our work and guide clients toward investments that matter.”
IceLake added, “What sets Coherent apart is its combination of deep domain expertise and the ability to translate modern engineering and product practices into genuine enterprise value. In a market full of AI narratives, Coherent’s strength lies in execution – delivering tangible results while leveraging the latest technologies, including AI.”
The closing of the IceLake investment marks a major milestone for Coherent Solutions. The partnership provides additional resources to expand global delivery capacity, invest further in advanced technical capabilities, and support the company’s continued growth.
About Coherent Solutions
Coherent Solutions is a global digital solutions engineering firm founded in 1995. With teams in 10 development centers across Europe and Latin America, the firm brings 30 years of technology expertise and industry knowledge to deliver tailored digital solutions. Partnering with high-growth scale-ups and ambitious global brands, Coherent Solutions is recognized for its commitment to quality, transparency, and innovation. Empowering Business Success.
About IceLake
IceLake is a private equity firm that invests in exceptional companies with strong market positions and ambitious growth plans. IceLake supports businesses in executing their strategies, including buy & build, international expansion, and operational excellence. IceLake has offices in the Netherlands, Germany and Belgium.
Coherent Solutions and IceLake close strategic investment
NEW YORK (AP) — Stocks rose in morning trading on Wall Street Monday at the start of what’s expected to be a quiet holiday week.
The S&P 500 rose 0.4% and is just below the all-time high it set earlier this month. The Dow Jones Industrial Average rose 130 points, or 0.3%, as of 10:03 a.m. Eastern time. The Nasdaq composite climbed 0.6%.
The broader market eked out a slight gain last week in what has been a choppy month. Technology companies, especially those focused on artificial intelligence, have been the main force behind the market's oscillations.
The gains on Monday were broad, with technology companies and banks leading the way. JPMorgan Chase rose 1% and Nvidia rose 1.2%.
Uber rose 3.3% and Lyft rose 5% after announcing plans to bring robotaxi services to London next year.
Gold and silver touched records and oil prices jumped after the U.S. Coast Guard said it was pursuing another sanctioned oil tanker in the Caribbean.
Gold prices rose 1.6% and are hovering around $4,458 per ounce, adding to their consistent gains throughout the year. Silver prices were up about 2.5%.
Crude oil prices in the U.S. rose 2.4% and prices for Brent crude oil, the international standard, rose 2.3%.
Markets in Asia gained ground while markets in Europe slipped.
Markets in the U.S. will close early on Wednesday for Christmas Eve and remain closed on Thursday for Christmas. The short week for trading includes several economic reports that could shed more light on the condition and direction of the U.S. economy.
On Tuesday, the government releases the first of three estimates on gross domestic product, a reflection of how the broader U.S. economy fared in the third quarter. On Wednesday, the Labor Department will release its weekly data on applications for jobless benefits, which stands as a proxy for U.S. layoffs.
The Conference Board offers up results from its December consumer confidence survey on Tuesday as well.
Elaine Kurtenbach and Matt Ott contributed to this story.
James Denaro works on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)
Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
