BLS International FZE, a wholly owned subsidiary of BLS International, has successfully acquired 100% share capital of BLSEC S.A.S., a company incorporated in Ecuador. This acquisition immediately makes BLSEC S.A.S. a Wholly Owned Step Down Subsidiary (SDS-WOS) of the parent company. The transaction was completed for a nominal consideration of USD 1000. BLSEC S.A.S. is active in the visa, passport, and consular services sector, aligning perfectly with BLS International’s core business.
Acquisition of 100% Stake in Ecuadorian Entity
BLS International Services Limited formally announced that its wholly owned subsidiary, BLS International FZE, has completed the acquisition of 100% share capital of BLSEC S.A.S., a company registered under the laws of Ecuador. This strategic move results in BLSEC S.A.S. becoming a Wholly Owned Step Down Subsidiary (SDS-WOS) of the Company.
Transaction Details and Consideration
The entire acquisition was executed in cash consideration. The cost of acquisition amounted to USD 1000, used to subscribe to the share capital in a single tranche. The percentage of shareholding control acquired is exactly 100%.
Target Entity Profile: BLSEC S.A.S.
The target entity, BLSEC S.A.S., was incorporated on 22nd May 2023. Its primary business activities include Visa Management, Passports, Consular, E-Government, Certification, Biometrics, Electronic Visa, and Retail Sales. The company is present in Ecuador.
Key Financial Indicators for BLSEC S.A.S.
The turnover figures for the last two completed periods are as follows:
- December 2025 Turnover: USD 51,71,575
- December 2024 Turnover: USD 28,29,244
The paid-up share capital of the target entity stands at USD 1000.
Strategic Rationale
The integration of the new SDS-WOS is expected to allow the company to deal in its existing range of business, reinforcing its international service portfolio, particularly within the Latin American market.
Source: BSE
