GAC approves WSM’s 100% acquisition of Wasltec

10/11/2024 Argaam
Logo ofWSM Information Technology Co.

Logo of WSM Information Technology Co.

WSM Information Technology Co. received, on Nov. 10, a No Notification Required Certificate from the General Authority for Competition (GAC) on the 100% acquisition of Wasl Technical Information Systems Co. Ltd. (Wasltec).

 

On Oct. 24, WSM signed a non-binding memorandum of understanding (MoU) to buy out Wasltec, according to data compiled by Argaam.

 

For more news and details on M&As

 

The acquisition will be financed through WSM’s internal resources and cash flow.

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