GTC, a consultancy and managed services business headquartered in Germany, works with the likes of Vodafone, MTN, IDT and iBASIS, as well as enterprise brands like Yotpo. Through the acquisition of Italian M&A advisory firm VSC, it will now add such services as merger management and divestiture consultancy, "meeting growing customer demands as the market undergoes a period of consolidation".
VSC will form a new division within GTC, with a focus on providing clients "senior-level advisory to guide them through the complexity of establishing a considered growth strategy"
José García, founder and CEO of GTC said: “We strongly feel that joining forces with VSC will allow us to realise our strategic goals and address the needs of our customer base over the next years. It is also exciting for the company to bring Erik’s expertise in-house as CCO and we look forward to seeing both our own organisation and our clients thrive following the merger.”
Following the developments, VSC’s CEO Erik van Stokkom, will move into the CCO role at GTC, drawing on 25 years of industry experience in senior roles at major telecoms companies worldwide.
He said; “GTC has an already strong foothold in the telecoms advisory space and this partnership will serve to enhance this and significantly increase its market share. Not only this, but by M&A consultancy forming part of a full suite of telecoms advisory services, GTC becomes a single stop for clients seeking industry-leading guidance when it comes to growth strategies.”
Last month, global accounting and consultancy firm EY appointed a new TMT sector lead for strategy and transactions in the UK, after its latest data confirmed the heightened M&A activity in the market.
