ProTek Capital signs letter of intent to acquire Latin American IT firm

Wednesday, November 30, 2011

US firm ProTek Capital has signed a nonbinding letter of intent to acquire a Latin American technology service firm, ProTek Capital said in a statement without naming the company.

The potential acquisition is expected to close in early 2012.

The letter of intent is the first of three specific target acquisitions in Latin America, the company said. These acquisitions are expected to contribute some US$10mn in annual revenue.

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ProTek also said it is continuing to pursue additional opportunities to acquire and develop high growth business operations in the Caribbean, the Gulf of Mexico and South America.