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Publigroupe Ltd Completes Sale of 51% Stake in xentive AG to Mediaspectrum Inc.


Thursday, 17 Oct 2013 11:30am EDT 

Publigroupe Ltd announced that it has concluded the sale of a 51% stake in xentive AG to the Boston-based Mediaspectrum Inc. The Swiss Competition Commission (COMCO) granted its approval to the transaction.The transaction was previously announced on July 12, 2013. Effective immediately, xentive and its 125 employees will operate as an independent subsidiary of Mediaspectrum with a primary concentration in Europe. Alongside its traditional BPO business, xentive will additionally provide support to the integrators of Mediaspectrum software on implementation projects. The financial terms of the transaction have not been disclosed.