Stockholm, Sweden and Stamford, CT, USA ? BTS GROUP AB (publ) ? announced that it has signed a binding agreement to acquire all the businesses of Fenestra, Inc., a global provider of premier technology-enhanced assessment and leadership development centers and solutions.
?This acquisition marks an important step moving BTS towards achieving our vision to be the global leader in accelerating strategic alignment and execution with focus on building capability,? says Henrik Ekelund, President and CEO of BTS Group AB.
The Fenestra acquisition positions BTS firmly in a rapidly growing assessment market, which is a natural extension of its leading position in the strategy execution and alignment, leadership development, and sales transformation markets. By adding Fenestra to its existing assessment capabilities, BTS moves from a limited to full scope player in the assessment market with the potential to deliver market-changing solutions. Fenestra?s virtual assessment capabilities will leverage BTS?s simulation and digital expertise creating real value for BTS customers.
Identifying the right talent is critical to today?s businesses, but traditional assessment methods are lagging behind and do not leverage digital technology. Together with Fenestra, BTS will offer disruptive and highly effective solutions in this space.
?I could not have imagined a more exciting partner than BTS,? reflects Sandra B. Hartog, Ph.D., CEO of Fenestra Inc. ?We share the same customer-centric business model, approach to technological innovation in the talent management field, content development methodology, and, especially, core values. This merger will bring tremendous value to our customers, our teams, and our various stakeholders.?
?We are excited to welcome Fenestra into the BTS family. Fenestra has a highly innovative and world leading assessment solution portfolio. The combination of our two organizations builds a stronger foundation for BTS?s and Fenestra?s future growth,? concludes Henrik Ekelund.
For more information, please contact:
Senior Vice President
Corporate Communications and Investor Relations
BTS Group AB
Phone +46-8-5870 7002
Mobile +46-768-966 300
E-mail [email protected]
About BTS Group
BTS is a world leading strategy implementation and execution firm. The company accelerates execution by ensuring the workforce is aligned to the strategy, has the right mindset, and has mastered the capabilities needed to deliver business results. BTS leverages customized business simulations and experiential learning initiatives to develop the business acumen, leadership and sales capabilities necessary for superior strategy execution. Partnering with today?s leading corporations, BTS consultants bring passion and deep industry expertise to deliver high-impact solutions that help clients achieve better results, faster.
Headquartered in Stockholm, Sweden, BTS has more than 350 professionals in 31 offices located on six continents. Partnering with nearly 400 organizations, including more than 30 of the world?s largest corporations, BTS?s major clients are some of the most respected names in business: Anglo American, AT&T, Chevron, Coca-Cola, Ericsson, HP, Rio Tinto, Telefonica, and Unilever.
BTS Group AB revenues were MSEK 688 in 2013.
BTS is a public company listed on the NASDAQ-OMX Stockholm exchange and trades under the symbol BTS b.
For more information, please visit www.bts.com.
Please also visit our newsroom at http://www.mynewsdesk.com/se/bts
About Fenestra, Inc.
Fenestra, Inc. is a provider of premier HR technology solutions, employing products and services to manage selection and development of employees. Fenestra specializes in technology-enhanced assessment centers that provide scalable, high-value methods to select and develop the highest-quality employees. Fenestra, an early innovator in the virtual assessment center market offers both customized and standard solutions, Fenestra partners with clients across industries including financial services, pharmaceutical, manufacturing, marketing communications, consumer goods, healthcare, retail and hospitality.
For more information, please visit www.fenestrainc.net.
Disclaimer: Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation. This information has been disclosed according to the Financial Instruments Trading Act and/or Securities Trading Act.
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