Chile’s Sonda buys CTIS

Chile’s Sonda buys CTIS

M&A

Chilean IT company Sonda has bought Brazilian technology service provider CTIS for BRL400m ($170m), a deal that will allow Sonda to boost its presence in Latin America’s largest economy. Sonda could end up paying up to $36m more for the acquisition, depending on the performance of CTIS over the next four years, the company said in a statement. “This acquisition will allow Sonda to incorporate an excellent client portfolio with long-term contracts, different types of services and a growing covera

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