STC Group, a prominent player in digital transformation in the region, is expanding in the digital business consulting sector.
The company has recently signed a binding offer with Devoteam SAS (France) and ORTLL Investment Limited, aiming to acquire a 40 percent stake in Devoteam Middle East (DME), a leader in innovative digital business consulting.
Upon completion of the transaction, subject to regulatory approval, STC’s capabilities in the IT sector will receive a significant boost, further strengthening its position as a driving force in digital transformation.
The acquisition will facilitate the integration of various affiliates specialising in digital infrastructure, Internet of Things (IoT), cloud computing, cybersecurity, digital financial services, and business outsourcing services.
This integrated system will enable STC to empower digital transformation across multiple sectors.
Earlier this year, STC announced its subsidiary TAWAL’s entry into the European market through the acquisition of telecommunications tower assets from United Group.
This move demonstrates the group’s commitment to expanding its reach and expertise in the digital infrastructure domain.
Devoteam Middle East, a part of the global Devoteam Group, possesses local and regional presence along with international expertise.
This positions them strongly to provide digital strategic services, business transformation, data analysis, artificial intelligence, and business automation solutions to their clients.
The acquisition of DME aligns with STC’s “stc dare” strategy, which aims to solidify its position as a leading national company in the region and a catalyst for the digital economy.
STC is actively pursuing its goals of enabling digital transformation and pushing toward the growth of the digital economy.