NEW YORK — Fincons.US Inc. has signed an asset purchase agreement with a Los Angeles-based IT, business intelligence and digital transformation company specialized in the media & entertainment sector, acquiring 100% of its assets.
PDG Consulting, which also operates a Mumbai office, accounts for over 100 professionals, 15 years of experience on the market and $13 million in turnover.
The closing date is set for December 31. On January 1, PDG US employees and customers will be transferred into Fincons.US, Inc, while the Mumbai office, with its 40 professionals, will form an integral part of Fincons India Private Limited, a fully owned subsidiary of Fincons Group AG and sister company to Fincons.US, Inc.
Michele Moretti, CEO of Fincons Group, commented, “We have always grown organically to date, thanks to our skills, our focus on building lasting and solid relationships with customers and partners and our commitment to research and development. As a result of our efforts, we’re proud to have achieved key positioning on the international market. Now the time has come to move even further forward and consolidate our expansion plans with a significant step both for Fincons, which becomes more and more a global business, and for our customers, to whom we will now offer even more experience, quality and passion everywhere in the world.”
Adam Tarshis, a Partner with PDG Consulting, commented, “With a worldwide footprint, a dedicated team comprising thousands of skilled engineers and analysts, and a remarkable four-decade legacy in IT consulting, Fincons provides PDG a much larger platform from which we can leverage our deep proficiency in media operations and video distribution. The new organization also significantly broadens the core capabilities we will be able to offer both new and existing clients. We’re excited by the vision that Michele and Francesco have for the company and are thrilled to help drive Fincons’ expansion in the United States.”
