With this strategic acquisition, UST aims to further strengthen its position in the Australia and New Zealand (ANZ) market. On the other hand, the acquisition by UST will enable Leonardo to expand its market reach and enhance its service offerings for clients.
UST, a digital transformation solutions company with its Intelligent Document Processing (IDP) platform UST SmartOps, announced February 21 that it has acquired Leonardo, a leading Australian process transformation company. Financial terms of the deal were not disclosed.
UST, which has been providing digital transformation solutions to clients across multiple industries in the ANZ market for eight years, expects the acquisition to strengthen its organizational efficiency offering by bringing in Leonardo’s expertise, client references and local partnerships.
Kumaran CR, Managing Director of UST Australia, commented: “We are delighted to announce the integration of Leonardo into UST’s Australian team. For over 25 years, Leonardo has been a reliable partner to its clients in the ANZ community, especially in the process transformation area. Their deep-rooted understanding and experience in these areas is invaluable. For UST, improving organisational efficiencies and thereby uplifting productivity for our clients is a key pillar within our transformation agenda. I am excited that Leonardo will lead this offering and enable us to support our clients in their growth agenda. Leonardo will strengthen our global intelligent automation consulting capabilities further and help grow the UST SmartOps platform business in the ANZ region. The acquisition is an important step in our efforts to continue growth in the Australian market as we work to meet rapidly emerging demand and build upon UST’s position as a market leader.”
Stephen Chetcuti, Chief Executive Officer of Leonardo, said: “We are thrilled to join forces with UST, a significant milestone for Leonardo. Our partnership with UST opens a realm of new possibilities. We are excited about the expanded digital services we can offer our clients. This collaboration signifies our commitment to growing alongside our customers, providing them with unparalleled digital solutions, and harnessing the power of AI to unlock new levels of productivity and insight into their business.”
Headquartered in Aliso Viejo, California, UST delivers digital transformation platforms and AI solutions to help organizations empower their people, improve their processes and transform their technology in a secure environment.
You can find the full press release here.
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