BLS International Holding Anonim Şirketi (Turkey) Successfully Completes Acquisition of 100% Stake in iDATA
2024年7月12日 - 9:32PM
ビジネスワイヤ(英語)
BLS International Services Limited, a leading global
tech-enabled service partner for governments and citizens,
announced the successful completion of the acquisition of 100%
stake in iDATA and its wholly owned subsidiaries, through BLS
International FZE (WoS of BLS) and BLS International Holding Anonim
Şirketi (WoS of BLS International FZE).
Turkey-based iDATA, a leading visa service provider with 37+
VACs in 15+ countries, serves Germany, Italy, and the Czech
Republic. BLS acquired iDATA for ~Euro 80 Million. In 2023, iDATA
reported revenues of ~Euro 27.3 Million and EBITDA of ~Euro 16
Million.
This acquisition would further strengthen the overall BLS’
position as one of the leading international player in Visa and
Consular services. iDATA’s existing agreements and offices will be
aligned into the BLS’s network in 66 countries across the globe,
enabling BLS to service more Client Governments in Europe. The
transaction will be EPS (Earning per share) accretive to BLS
immediately.
Mr. Shikhar Aggarwal, Joint Managing Director of BLS
International said: “We are delighted to announce the
completion of the iDATA acquisition, a pivotal point in BLS’ growth
journey and a testament to our strategic vision of leading global
visa and consular services. iDATA, with 15 years of specialized
experience, has built strong relationships with client governments.
This acquisition enables BLS to expand relationships in Europe,
enhance visibility, and consolidate market share. We expect
positive financial impacts and improved margins from combined
synergies. We thank both teams for addressing regulatory
requirements and welcome iDATA employees to new opportunities.”
About BLS International:
BLS International Services Ltd., established in 2005, is a
global leader in visa, passport, consular, and citizen services,
recognized as one of the top 2 firms in its field with over 19
years of experience. It boasts collaborations with over 46 client
governments and operates across 66 countries. The company is
acclaimed for its data security and service quality, processing
over 360 million applications to date. It has received numerous
accolades from prestigious publications and holds several quality
and security certifications. Uniquely, BLS International is the
only publicly traded entity in its sector, listed on BSE, NSE, and
MSE, underscoring its industry prominence and commitment to
excellence.
For more information, please visit www.blsinternational.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240711577375/en/
BLS International Services Limited Pallavi
Mohan Global Head - Corporate Communications
pallavi.mohan@blsinternational.com