PBS Group has ac­quired Trinidad Sys­tems Ltd (TSL).

In a press re­lease on Mon­day, the Ja­maican com­pa­ny con­firmed it had ac­quired the re­main­ing 55 per cent in­ter­est and was tak­ing full own­er­ship of the com­pa­ny just about two years af­ter the PBS Group first in­vest­ed in it.

The com­pa­ny an­nounced that fol­low­ing the com­ple­tion of the ac­qui­si­tion, Stu­art Fran­co, CEO of TSL, has been ap­point­ed chief op­er­at­ing of­fi­cer for the East­ern Caribbean Clus­ter, which in­cludes T&T, Guyana, Suri­name, Bar­ba­dos, An­tigua and the rest of the OECS is­lands.

The com­pa­ny said in his new role, Fran­co will over­see both TSL and PBS op­er­a­tions and re­port di­rect­ly to Pe­dro Paris, PBS Group CEO.

“Our peo­ple and our cus­tomers re­main at the heart of what we do, and that will not change. As we look ahead, this is an im­por­tant next step for TSL. Be­ing part of The PBS Group means we can now of­fer our so­lu­tions to the Cen­tral and South Amer­i­can mar­kets,” said Fran­co.

Paris said the ac­qui­si­tion sup­ports the group’s broad­er re­gion­al strat­e­gy.

“As PBS con­tin­ues to grow across the re­gion, we are fo­cused on stronger col­lab­o­ra­tion and en­hanc­ing our of­fer­ing acrossour sev­en core busi­ness ar­eas,” said Paris. “TSL builds on that, al­low­ing us to fur­ther ex­pand the range of in­te­grat­ed so­lu­tions we of­fer and bet­ter serve our cus­tomers.”

The com­pa­ny said the ac­qui­si­tion is an­oth­er step in PBS Group’s strat­e­gy to strength­en its re­gion­al pres­ence, en­hance its of­fer­ing and strength­en re­gion­al lead­er­ship. The move fol­lows the re­cent lead­er­ship ap­point­ments of Ed­uar­do Ro­driguez as PBS Group chief fi­nan­cial of­fi­cer and Eze­quiel Bar­das as chief op­er­at­ing of­fi­cer for Latin Amer­i­ca.

The lo­cal com­pa­ny will con­tin­ue to op­er­ate as a sep­a­rate en­ti­ty un­der the TSL brand, with no changes to ex­ist­ing cus­tomer con­tracts, ser­vices or sup­port arrange­ments.