Corporate News     16-Jan-24
BLS International Services inks deal to acquire iData
BLS International Services has through its Wholly Owned Subsidiary BLS International FZE (BLS FZE) has entered into definitive share purchase agreement to acquire 100% equity shares of iData Danýþmanlýk ve Hizmet Dýþ Ticaret A.Þ. (iData).

The purchase consideration is Euro 50 million and additional milestone based payments.

The target entity is engaged in visa process and consular services. The operates in Turkey and has subsidiaries and associates in Central Asian and European region countries under the client government contracts. The acquisition is expected to close by 31 March 2024.

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