Pelatro Ltd., a customer engagement solutions global market leader, has made a statement regarding the acquisition of 100% shares of Estel Technologies International FZE. This acquisition is aimed at strengthening Pelatro's software business and improving its capabilities to offer innovative solutions to telecom and BFSI industries. The acquisition follows Pelatro's growth strategy and dedication to strengthening its presence in the global market.
Key Points
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Acquisition Information: Pelatro Ltd. has authorized the acquisition of Estel Technologies International FZE, taking full control of its software business.
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Strategic Alignment: The takeover is likely to enhance Pelatro's foothold in the customer engagement software sector, especially telecom and BFSI industries.
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Opportunities for Growth: The action will help Pelatro diversify its business and grow its presence geographically, taking advantage of Estel's expertise.
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Market Leadership: Pelatro further enhances its image as a developer of cutting-edge solutions, including its flagship solution mViva, that fosters customer engagement through insights from data.
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Financial Impact: The acquisition is expected to add to Pelatro's recurring revenue streams and operating cash flows.
Sources: Market Screener, StockGro, Pelatro Financial Highlights