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DHS Group, announced today that it has acquired Grupo TERRA, a leading independent document management provider in Latin America.
“We’re continuing to grow our presence in the Latin America small and midsize business (SMB) market,” said Fernando Aguirre, Executive Vice Chairman at DHS. “With Grupo TERRRA’s document management services expertise and leadership combined with our portfolio of workplace solutions, we’re well placed to serve SMBs focused on accelerating a digital transformation roadmap.”
This is the second acquisition targeting the Latin American SMB market in the last year. In March 2021, DHS announced the purchase of DILAMEX, the largest independent services, software, and technology provider in Mexico.
“SMBs play a crucial role in Latin America’s economy. We are committed to helping Latin America SMBs survive and thrive in the current climate and beyond,” said Marcos Hillman, Vice President of DHS Latin America. “They need tailored solutions and to work with local market experts such as Grupo TERRA and DILAMEX, who understand their requirements and can support their growth.”
“Our ambition is to provide the latest innovation and technologies to help Latin American businesses work smart,” said Jose Sanchez, President of Grupo TERRA. “Together with DHS, we’re in pole position to offer secure and sustainable solutions that support a dispersed and hybrid workforce.”
Terms of the transaction were not disclosed.
