BTS acquires Bates Communications to Expand Executive & Team Offerings - Seite 2

“We are seeing significant demand for guidance for executives and their teams on their ever-evolving strategy implementations. Bates brings seasoned expertise and deepens our capabilities in helping the C-Suite with their challenges in these respects,” says Jessica Parisi, President of BTS USA. 

Founder Suzanne Bates and all members of her leadership team have agreed to stay on with BTS for a minimum of 3 years to accelerate the integration and growth strategy. 

“Our team is delighted to join BTS as we share similar values and entrepreneurial cultures. The global presence of BTS, its services and experience will be highly valued by our people and our customers,” says Suzanne Bates. “Bates executive, communication & team services are a perfect complement to BTS, and we are excited to continue to innovate as we begin to work on client challenges together.”  

The acquisition includes an initial cash consideration as well as a new issue of BTS shares up to 1 MUSD. Additional amounts will be paid out in 2021-2024 provided Bates meets specific targets 2020-2023. The transaction is effective as soon as the completion procedures have been finalized, which is expected in the coming week.

BTS strategy for acquisitions aims to create a broader base for future organic growth while actively consolidating in a highly fragmented market. Through its acquisitions, BTS also seeks to serve new and existing customers with innovative services based on the next generation of digital technologies.

For more information, please contact:

Henrik Ekelund
CEO and founder
BTS Group AB (publ.)
[phone]

Michael Wallin
Head of investor relations
BTS Group AB (publ.)
[e-mail]
[phone]
[phone]

About BTS Group AB (publ.)

BTS is a global professional services firm headquartered in Stockholm, Sweden. BTS has about 850 professionals at 35 offices located on six continents. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. At our core, we believe people learn best by doing. For more than 30 years, we’ve been designing fun, powerful experiences that have a profound and lasting impact on people and their careers. We inspire new ways of thinking, build critical capabilities and unleash business success.