BLS International Services Ltd Completes Acquisition of iDATA, a Turkey-based Visa and Consular Services Provider

BLS International Services Ltd, a leading global tech-enabled service partner for governments and citizens, has announced the successful completion of the acquisition of 100% stake in iDATA, a Turkey-based Visa and Consular Services provider. The acquisition was funded through internal accruals and debt and is expected to be EPS accretive to BLS immediately. iDATA achieved revenues of Rs. 246 Crores and an EBITDA of Rs. 144 Crores in CY2023. This acquisition will strengthen BLS's position as a leading international player in Visa and Consular services and enable the company to service more client governments in Europe.