Quess Corp to Acquire Archer Integrated Services and Astrin Traders And Supplies

Quess Corp Limited, headquartered in Bengaluru, India, is a leading business services provider established in 2007. Operating across India, Southeast Asia, the Middle East, and North America, the company is organised into four key business segments: Workforce Management, Operating Asset Management, Global Technology Solutions, and Product-Led Businesses. It offers diverse solutions, including staffing, facility management, digital transformation, and blue-collar hiring platforms.

Quess Corp Acquisition Announcement

Quess Corp has recently announced a strategic acquisition involving the food catering and facility management services businesses of Archer Integrated Services Private Limited and Astrin Traders and Supplies Private Limited. This acquisition, conducted on a slump sale basis, signifies a pivotal move to expand Quess Corp’s operational footprint and integrate diverse facility management solutions in key regions of Tamil Nadu and Andhra Pradesh

Strategic Expansion in Key Industrial Belts

This acquisition allows Quess Corp to reinforce its Operating Asset Management business by targeting industrial belts across Tamil Nadu and Andhra Pradesh. By integrating the newly acquired food services and facility management operations, Quess aims to bolster its services portfolio in the manufacturing sector. The expansion ensures an enhanced ability to provide seamless solutions, including housekeeping, pest control, landscaping, and food catering services, positioning the company as a comprehensive service provider in these regions.

Financial and Operational Implications

The transaction is valued at up to ₹11 crore, with the payment structured as cash consideration, subject to agreed milestones. Unlike conventional acquisitions, this deal does not involve the purchase of shares or regulatory approvals, ensuring swift execution. The acquisition aligns with Quess Corp’s growth strategy to strengthen its market position without diluting equity or engaging in related party transactions.

Quess Corp Share Performance

As of December 04, 2024, 11:30 AM, shares of Quess Corp are trading at ₹710.80 per share with a decline of 1% from its previous day’s closing price. Over the last month, the stock has seen a fall of 3.04%.

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.