BLS International Expands Footprint in South America with Acquisitions in Peru and Colombia

BLS International Services Limited, a leading provider of tech-enabled visa, consular, and citizen services, announced a strategic expansion move into South America. BLS International FZE, a wholly-owned subsidiary of the company, has initiated the process of acquiring significant share capital in two key companies:

BLS International Peru SAC: Incorporated under Peruvian law, BLS International Peru SAC will become a Step-Down Subsidiary (SDS) of BLS International Services Limited upon completion of the acquisition process. This acquisition signifies BLS International’s commitment to establishing a strong presence in the Peruvian market.

BLS International S.A.S: Incorporated under Colombian law, BLS International S.A.S will become a Wholly Owned Step-Down Subsidiary (WOS-SDS) of BLS International Services Limited upon successful acquisition. This move underscores BLS International’s strategic focus on expanding its reach within Colombia.

Expanding Service Portfolio and Strengthening Market Presence

BLS International Peru SAC and BLS International S.A.S are expected to continue offering the existing range of BLS International services. This acquisition will enable BLS International to broaden its service portfolio and cater to a wider clientele base in these important South American markets. BLS International’s established expertise in visa, consular, and citizen services will be instrumental in establishing a strong foothold in Peru and Colombia.

Acquisition Considerations

BLS International will pay a cash consideration of USD 403 for acquiring BLS International Peru SAC and USD 783 for BLS International S.A.S. These investments demonstrate BLS International’s confidence in the growth potential of both markets and its commitment to building a sustainable presence in South America.

Enhancing Global Reach and Client Service:

This strategic expansion into Peru and Colombia marks a significant milestone for BLS International. The acquisitions will not only bolster the company’s global reach but also allow it to provide its comprehensive suite of services to a new audience in South America. BLS International remains committed to delivering exceptional client service and leveraging its expertise to streamline visa, consular, and citizen service processes across its expanding global network.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.