CTT – Correios de Portugal announces that this Wednesday, through its CTT subsidiary Soluções Empresariais, it signed a contract to purchase the entire share capital of New Spring Services and its holding company HCCM – Outsourcing Investment, business process outsourcing (BPO) companies and Contact Centre.
The acquisition will be carried out at a price of seven million euros (“enterprise value”), which must be paid at the close of the transaction. notification disclosed with CMVM…
“Revenues have been matched against the company’s operations for two years after the aforementioned closure, as a result of meeting New Spring Services’ predetermined targets, including EBITDA targets,” the document says.
The company, led by João Bento (pictured), emphasizes that the deal fits “with CTT’s strategy to diversify its portfolio and accelerate growth in its business areas, in particular consolidating its business solutions platform through its Business Process Outsourcing Solutions (BPO) offering. contact center and other business support services.
In 2020, NewSpring Services had sales of € 21.1 million and EBITDA of € 2.4 million1.
“The acquisition is subject to verification of a number of suspensive conditions, among which there is no objection from the Antimonopoly Authority,” the statement concludes.
CTT ended today’s session adding 0.11% to 4.44 euros.
