PBS Group Breaking Schemes

The following article was taken from the publication in the newspaper La República de Costa Rica dated October 7, 2021:

PBS Group continues to break schemes and grows in favor of the country’s economy.

Modern building in Escazú is part of the investment of more than $3 million in the last year and a half.

With several company acquisitions, investment in the modernization of its building in Escazú, the expansion of services, greater hiring of personnel and the diversification of portfolios internationally, PBS Group emerges stronger from its growth plan developed in the midst of the pandemic.

“In an environment of economic pessimism, it is an extremely positive message that a multinational invests in the way we continue to do even during the pandemic, thinking about new needs and providing a better environment,” said Pedro M. Paris, CEO of PBS Group.

The investments are also accompanied by the generation of employment, which extends the services provided by the Costa Rican operation to the rest of the group, taking advantage of the great technical resources that the country has, in addition to the growth possibilities for human capital with the interaction of the other offices of the multinational.

“PBS in its growth plan in the country, which was defined before the arrival of the pandemic, was focused on expansion and remodeling, as well as the opening of an exclusive learning center at its facilities in San Rafael de Escazú” said Paris.

In February 2020, PBS Group, with a presence in 16 countries in the Central American, Caribbean and Colombian regions, announced the plan for an aggressive expansion strategy in Costa Rica, with an investment of more than $3 million.

Costa Rica comprises the most important operation of the 16 countries by market size and the one that has grown the most in recent years of the 26 offices in which PBS operates.

Additionally, last month, the technology and solutions integration company definitively acquired PBS Technology Group Limited (PBSTG), a company incorporated under the laws of Saint Lucia, from Musson (Jamaica) Limited, Portland Caribbean Fund II, LP, Portland Caribbean Fund II (Barbados) LP and Portland Fund II Co-Invest Partnership.

With this acquisition, PBS is consolidated and solidified as the main provider of information technology solutions in the Caribbean and Central America.

PBS Group will continue developing its expansion plan and hopes to give more favorable news in favor of its services, always supporting its clients, suppliers and collaborators.

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