02 April 2011
Spain's information technology company Amper SA is buying Miami's eLandia International to expand its reach in the fast-growing market of Latin America.
Madrid-based Amper agreed to purchase roughly 80 percent of tech enabler eLandia by issuing additional stock. eLandia in turn will buy about 80 percent of Amper's Brazil unit Medidata to grow in buoyant Brazil,, the companies said in a statement.
The price for the deal was not disclosed. Amper's shares trade on the Madrid stock exchange.
Amper and eLandia have been collaborating since May 2010, since the two worked in similar fields but in different countries in Latin America. Amper was active in Brazil. eLandia through its Desca unit operated in more than a dozen Spanish-speaking nations in the region.
The merger should allow the companies "to take advantage of a unified pool of technical expertise to efficiently manage large, highly complex integration projects across Latin America, as well as leverage Amper's broad experience in the deployment of critical infrastructure protection projects," the statement said.
eLandia is led since 2008 by Pete R. Pizarro, who had spent six years in Miami as president of Telefonica USA, the U.S. and Latin American unit of Spain's telecom giant Telefonica.
Pizarro has helped build eLandia's portfolio to more than 3,000 business customers in 17 markets in Latin America, the Caribbean and the South Pacific, the statement said.
For more information on eLandia, visit www.elandiagroup.com
For more information on Amper, visit www.amper.es
For more information on Medidata, visit www.medidata.com.br