BLS International Services completes acquisition of iDATA

10 Jul 2024 Evaluate

BLS International Services (BLS) has completed acquisition of 100% stake in iData Danismanlik Ve Hizmet Dis Ticaret Anonim Sirketi and its wholly owned subsidiaries (iDATA) for about Rs 720 crore.

The acquisition was done through BLS International FZE and BLS International Holding Anonim Sirketi. BLS International FZE is a wholly owned subsidiary of BLS while BLS International Holding Anonim Sirketi is wholly owned subsidiary of BLS International FZE. 

iDATA is a prominent Turkey-based player providing comprehensive visa processing and consular services to various governments, through its 37+ Visa Application Centres (VAC) in 15+ countries, serving diplomatic missions of Germany, Italy, and Czech Republic.

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 where iDATA is a dominant player. The transaction will be EPS (Earning per share) accretive to BLS immediately from July 09, 2024.

BLS International Services is a part of the four decades old BLS Group with a global presence and diversified range of services in polymers and petrochemicals, education, electronics, asset management, visa processing and management consulting.

BLS Internatl.Serv Share Price

477.40 -5.20 (-1.08%)
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