Baufest buys North American company TranSolutions, with their center of operations in Peru
We announce the acquisition of the American firm TranSolutions, a company with more than 20 years of experience in software development for logistics and transport industries.
With this operation, we increase our client base in the United States and Latin America, we incorporate a new product line and we expand our geographical presence, adding a new service center to the existing ones in Mexico, Chile and Argentina.
TranSolutions is made up of a team of more than 60 professionals and has extensive experience in software development solutions for the maritime, logistics and transport sectors. Its most important clients are XPO Logistics, Dole, Tramarsa and Ultramar, among others. These customers will add $4 million US to our revenue.
By this initiative, we continue our international expansion process, while we consolidate our strategy for diversification of services and expand our target market.
"We found a high level technical team that is very compatible with the Baufest culture. Our long-term strategy is to increase our customer base in the United States and add operations in more countries in the Americas and TranSolutions allowed both. It opened the door for us to have a local presence in Peru; a dynamic and growing market," explained Ángel Pérez Puletti, CEO of Baufest.
This announcement adds to the current construction of our new development center in Argentina, which will require an investment of close to $2 million US and will increase the existing surface area from 24757 to 32292 Sq ft, and incorporate new jobs posts.
"We will gradually transform the company in Peru to add to its current capabilities Baufest products and services. In the same way Baufest teams will offer TranSolutions products in the places where they operate. Once we have completed the integration process we will continue to expand our operation with a focus on Colombia," added Puletti.