Continuum: Sells Argentina Operations to Market Line S.A.
Deal News | Dec 04, 2024 | Newswire Business
Continuum Global Solutions (CGS), a leader in Customer Management and Business Process Services, has announced the sale of its Argentina operations to Market Line S.A. This transaction forms part of CGS's strategic plan to concentrate on higher-margin areas, including Technology, Public Sector, Communications, and Consumer Products, while investing in AI and automation to strengthen its market position. Michael Flodin, CEO of CGS, remarked on the potential for growth and value enhancement due to this refocused strategy. Meanwhile, Pablo Mira, President of Market Line S.A., expressed enthusiasm for the acquisition, aiming to boost agility and efficiency. Naeem Arastu, Partner and COO of Skyview Capital, emphasized CGS's commitment to global expansion through strategic innovation and technology advancement.
Sectors
- Business Process Outsourcing (BPO)
- Technology
Geography
- Argentina – The divested operations are located in Argentina, which is central to the transaction's news.
- United States – Continuum Global Solutions is headquartered in Dallas, Texas, marking the U.S. as a significant geographical focus in the transaction.
Industry
- Business Process Outsourcing (BPO) – The article discusses the sale of BPO operations indicating a strategic focus shift by Continuum Global Solutions in its business process outsourcing footprint.
- Technology – There is a clear focus on investing in AI and automation, highlighting the technological advancements that the company is aiming to integrate into its business model.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Continuum Global Solutions | Selling Company | Company | A leading provider of Customer Management and Business Process Services. |
| Market Line S.A. | Buying Company | Company | The acquiring company of CGS's Argentina operations, aiming to enhance its agility and efficiency. |
| Skyview Capital | Private Equity | Company | An investment firm with involvement in CGS's strategic direction. |
| Michael Flodin | CEO | Person | Chief Executive Officer of Continuum Global Solutions. |
| Pablo Mira | President | Person | President of Market Line S.A. |
| Naeem Arastu | Partner and COO | Person | Partner and Chief Operating Officer at Skyview Capital. |