BLS International Services Limited has informed the Exchange about Acquisition of BLSEC S.A.S by BLS International FZE, Wholly owned subsidiary of the Company
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BLS International Services Limited announced that its wholly owned subsidiary, BLS International FZE, has acquired 100% share capital of BLSEC S.A.S, a company based in Ecuador, for a cash consideration of USD 1,000. With this acquisition, BLSEC becomes a wholly owned step-down subsidiary of the listed company. BLSEC is in the same line of business as BLS International — visa management, passports, consular, e-government, biometrics, and electronic visa services — with a turnover of USD 51.7 lakh in December 2025 (up from USD 28.3 lakh in December 2024). The target was incorporated in May 2023. No related party transaction is involved, and no regulatory approvals are required.
This is a bolt-on acquisition in the company's core visa and consular services business, expanding BLS International's Latin American footprint into Ecuador. While the cash outlay is small (USD 1,000), the target brings in meaningful revenue (around USD 5.2 million) and aligns with the company's main line of business, which is likely to be viewed positively by investors looking for geographic expansion.