Productive Business solutions completes acquisition in Peru and Ecuador, to introduce payments methods subsidiary in Trinidad and Tobago.


Productive Business Solutions Limited (PBS) completed the acquisition of Xerox’s operations in Perú and Ecuador, thereby, management stated, increasing its footprint in Latin America.

The company meanwhile reported net profit of US$8,499,000, up from US$8,025,000 in 2023 with eps being $4.51 cents for the year ended and $3.38 cents per share for the year prior.

With the acquisition of 45 per cent of Trinidad Systems Limited (TSL) shares, PBS is also in the process of implementing its seventh line of business, payment methods, which is expected to expand the company’s portfolio across the region.

PBS also reports the improvement of its imaging business line by adding Mimaki from Japan, the wide format segment and Etirama, from Brazil.

The expansion of imaging, the company outlines “positions our group in the Flexographic market mainly used for labeling high-end applications.”

Meanwhile PBS refinanced most of its debt obligations earlier in the year with CITI, extending its maturity profile and also diversifying its sources of funding across the region and increasing liquidity.

PBS says it is seeking meanwhile opportunities among regional clients looking for a one stop-shop, one-SLA, one-escalation matrix, and competitive pricing through scale procurement advantages from the leading enterprise technology brands in the region.

Office relocations

Aiming to better internal and external customer experience, PBS is relocating four offices in the region, Jamaica, El Salvador, Costa Rica and Peru. These new facilities, the company said, will bring an upgrade from the prior locations.

The company operates with 3000 IT professionals across 24 markets.

EBITDA for the year was US$51.6 million compared to US$44.6 million from the prior year, an increase of 15.5 per cent. This is the first time that the company has achieved over the US$50 million mark in this financial indicator.

Finance costs increased to US$18.3 million from US$14.2 million last year, an increase of 29.5 per cent. This increase was primarily due to higher interest rates, an increase in borrowings to fund growth, and the amortization of deferred financing costs related to the previous debt structure, which were refinanced in the period.

Profit after tax (PAT) was US$8.5 million, compared to US$8.1 million in the year 2023, equivalent to a 6.7 per cent increase versus prior year.

Photo: PBS is coming to Trinidad with its seventh business line which is payments services. Image from loyaltrips.com

Caribbean Money Daily

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