Regional information communication technology (ICT) solutions provider, Productive Business Solutions, (PBS) is acquiring one of its Caribbean competitors, Infotrans Group Holding B.V.
The board of directors of PBS has approved the acquisition of 100 per cent of the ordinary shares of Infotrans Group Holding B.V. on the basis that the acquisition is consistent with its strategy of growing its integrated regional platform. At the same time, the acquisition will diversify PBS’ lines of business with particular emphasis on information technology and deepening its relationships with the world’s leading technology brands.
Infotrans has operated for over 30 years in seven territories, including Curaçao, Colombia, Aruba, Bonaire, Guyana, Suriname, and Sint Maarten through its subsidiaries. The company employs over 40 engineers, represents 14 global brands and services over 500 customers in its markets across the Dutch Caribbean and South America.
Strengthening PBS across the Caribbean and Central America
The acquisition of Infotrans will strengthen PBS’s position as the leading information communication technology solutions provider across the Caribbean and Central America. Acquiring Infotrans will also deepen PBS’s presence in Colombia, Guyana and the Dutch Caribbean.
The business, when combined with Infotrans will result in revenues in excess of US$330 million annually and will expand PBS’s footprint to 21 countries and territories. Major industries supported by Infotrans include finance, hospitality, education, healthcare, and government.
Infotrans provides solutions to businesses in the markets in which it operates by offering consultancy, assessment, design, implementation, support and financing services. Additionally, the company provides cyber security, networking, data center, business continuity, communication and collaboration services to its customers.
Apart from software and ICT solutions, Infotrans also sells workspace devices such as workstations, imaging, point-of-sale devices, and displays.
Execs hail the acquisition
PBS Group CEO, Pedro M. Paris hailed the acquisition, commenting, “Infotrans has long been a leader in the technology industry in the Dutch Caribbean and has built a growing business in Colombia serving the BPO sector. Integrating Infotrans into PBS will allow us to better serve our customers in these key markets and give us new technical capabilities.”
For his part, Arjen G. van der Meulen, CEO of Infotrans contended, “I am pleased to combine Infotrans with PBS and have every confidence that the acquisition will build on Infotrans’ long track record of providing exceptional service to clients.”
The transaction is subject to definitive agreements, regulatory approvals and other customary closing conditions and is expected to be completed by June 30, 2023.