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Palladium Acquires CARANA Corporation

Economic Development Expertise a Key Component to Positive Impact Solutions

Palladium is pleased to announce their acquisition of CARANA Corporation. CARANA, a US-based company, designs and implements economic development strategies for governments, companies and donor organisations. CARANA forges market-led alliances with private and public partners to address issues that affect vulnerable groups, such as gender equity, youth employment and environmental stewardship.

Palladium and CARANA share a common vision of the future of positive impact. Both envision an impact economy marked by alignment of social and commercial interests to create sustainable positive impact for a broad range of constituents. CARANA’s history of harnessing commercial expertise to address social issues matches Palladium’s desire to bridge the gap between the private and public sectors to better serve the interests of both.

Kim Bredhauer, Palladium’s group managing director, sees great opportunity in the newly enlarged company: “CARANA’s well-regarded technical expertise in economic development will play a crucial role in our growth strategy by greatly expanding the breadth of our offerings. Palladium’s resources and reach will allow us to achieve greater scale in economic development projects and deliver even greater impact to those who need it most. We can now better respond to the needs of clients across all sectors and better fulfil our mission of catalysing an enriched future for all.”

"We are delighted to be joining such a dynamic organisation with a shared commitment to bringing together private and public resources to maximize impact and inclusive economic development," said Eduardo Tugendhat, chief executive officer of CARANA.