Datacraft Asia has bought a controlling 75 per cent stake in Japanese systems integration company PTS for $US23.6 million, the company announced on Friday. The acquisition comes four months after Datacraft entered the Japanese market with the purchase of Netwave.
Datacraft will continue to expand in Japan through acquisition to quickly gain a critical mass of business there, Datacraft Asia chairman Des Althorp said in a statement.
PTS is active in the areas of IT consulting, systems integration, IT staffing and training services. The PTS customer base is predominantly made up of multinational companies located in Tokyo such as major financial institutions, insurance companies, pharmaceutical companies and embassies.
Datacraft will retain PTS' existing management: PTS founder Dermot Killoran will continue to be the company's president while current chairman Norihiko Nakayama will remain as executive chairman after the completion of the acquisition, Datacraft said.
With the addition of PTS' two offices in Tokyo, Datacraft will have 55 full-fledged offices in 13 countries, the company said.