StockWatch
·
Film Production- Distribution & Exhibition
Subsidiary22 Oct 2026, 07:00 pm

GTT Data Solutions Incorporates Wholly Owned Subsidiary in Hungary

AI Summary

GTT Data Solutions Ltd has successfully incorporated a wholly owned subsidiary in Hungary, named AntWorks Europe Solutions Korlátolt Felelősségű Társaság (AESK). The incorporation was registered on October 21, 2026, by the Company Registry Court of the Metropolitan Court of Budapest. AESK will engage in business and management consulting, asset management, computer programming, IT consultancy, and data analytics. The initial registered capital of AESK is HUF 3,000,000, fully subscribed in cash by GTT Data Solutions Ltd, representing 100% shareholding. This move is part of the company's strategic expansion into the European market.

Key Highlights

  • GTT Data Solutions Ltd established a wholly owned subsidiary in Hungary.
  • The new entity is named AntWorks Europe Solutions Kft. (AESK).
  • AESK will focus on IT services, consulting, and data analytics.
  • Initial capital investment is HUF 3,000,000 (approx. ₹680,000).
  • This marks an expansion into the European market.