Expleo Solutions Limited — JV/Acquisition, 14-11-2024: Acquisition

Expleo Solutions Ltd. has announced the incorporation of a wholly owned subsidiary in Saudi Arabia, aimed at providing Information Technology Enabled Services. This strategic move is designed to address client needs effectively in the region. The subsidiary will be fully owned, with Expleo subscribing to 100% of its share capital. This initiative underscores Expleo's commitment to market expansion and enhances its operational reach in the IT sector, potentially unlocking new growth opportunities and strengthening its competitive position. The financial specifics of the acquisition will be disclosed in due course.