Acquires Nexo to strengthen its position in Brazil and Latin America

Core Insights - BTS Group AB has agreed to acquire Nexo Pesquisa e Consultoria Ltda., a boutique consulting firm based in São Paulo, Brazil, enhancing its capabilities in strategy execution and culture transformation [1][4]. Company Overview - Nexo, founded in 2017, has shown continuous growth, with projected revenues of approximately 12 million Brazilian Reales (around 2.1 million USD) in 2024 and a team of 21 members [2]. - Nexo has established a strong reputation for delivering transformative projects across various sectors, including financial services, consumer goods, and technology [3]. Strategic Implications - The acquisition will expand BTS's footprint in Brazil and significantly enhance its culture and transformation service offerings, with limited overlap in client bases, indicating strong growth potential and synergy opportunities [4]. - Nexo's founders will take on senior management roles in the merged entity, ensuring continuity and leveraging their expertise [6]. Financial Structure - The acquisition involves a limited initial cash consideration, with additional payments contingent on Nexo meeting specific performance targets between 2026 and 2028, including a portion to be paid in newly issued BTS shares [7]. Future Growth Strategy - BTS's acquisition strategy aims to broaden its service portfolio, expand geographic reach, and enhance capabilities to support future organic growth in a fragmented market [8].