IGT Solutions has signed definitive agreements to acquire Outsourcing Support Services S.R.L (OSSR) to enhance its BPO and tech services portfolio in Europe.

Target Information

IGT Solutions has recently finalized agreements to acquire Outsourcing Support Services S.R.L (OSSR), a provider of Business Process Outsourcing (BPO) and tech services based in Romania. OSSR, a subsidiary of the publicly listed company Connections Consult, also comprises two affiliated entities. This acquisition aims to bolster IGT Solutions' presence in Europe and enhance its capabilities in delivering high-value BPO and technology services across various industries.

OSSR boasts a strong track record of servicing major global clients in sectors such as fast-moving consumer goods (FMCG), industrial, and logistics. As IGT Solutions welcomes the skilled workforce from OSSR, the integration will leverage the cultural alignment and complementary expertise of both organizations. The ongoing commitment will focus on providing seamless services to OSSR's existing clients while exploring avenues to increase overall value.

Industry Overview

Romania has emerged as a significant player in the BPO and tech industry within Eastern Europe. With a highly skilled labor force, competitive operating costs, and a growing number of multinational corporations,