UST Global takes over Spain's TCP Sistemas.
8 October 2014 - US IT services provider UST Global Inc announced today that it had purchased Spanish IT consulting company TCP Sistemas e Ingenieria SL without elaborating on financial specifics.
The transaction will allow UST to broaden its product offerings in Spain and to further expand its operations in Europe, Latin America and Africa, as TCP strengthens the company's services for the telecom and banking sectors.
The two companies fit together perfectly and TCP will further reinforce UST's presence in Spain, but also will allow it to serve clients in Europe and Latin America, said UST head of emerging markets and HR global head Manu Gopinath.
TCP's highly-skilled employees and the company's market experience are what attracted UST's interest in acquiring the business, said TCP co-managing director Victor San Jose.
The two companies have all the necessary expertise to achieve great results, said UST Spain Jose Aguilaniedo MD.
Sector: IT/Online Services, Computer Software
Target: TCP Sistemas e Ingenieria SL
Buyer: UST Global Inc
Type: Corporate acquisition
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|Publication:||M & A Navigator|
|Date:||Oct 8, 2014|
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