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Markets: UST makes strategic acquisition of Leonardo

Fiinews by Fiinews
February 22, 2024
in Markets
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Melbourne acquisition will strengthen global intelligent automation consulting capabilities, says Kumaran

UST, a leading digital transformation solutions company from California and a strong foothold in Bengaluru, has announced the strategic acquisition of Leonardo, a leading provider of business process improvement, automation, and integration services, in the Australia and New Zealand (ANZ) region.

The acquisition by UST will empower Leonardo to expand its market reach and enhance its service offerings for clients, combining Leonardo’s in-depth process expertise with UST’s technology leadership, digital transformation capabilities, and global credentials, and strengthening UST’s position in the Australian market.

UST has been supporting clients across industries in the Australian market for the last 8 years, providing digital transformation solutions focused on customer experience and operating model design, product engineering, organizational efficiencies through process transformation, Gen AI and data services, SaaS, cloud, intelligent automation, and cyber security solutions. Leonardo strengthens UST’s organizational efficiency offering, by bringing in its expertise, client references, and local partnerships.

Headquartered in Melbourne, Leonardo’s 70+ team, with an established presence across key Australian cities, will join UST to strengthen their combined capability of delivering comprehensive digital solutions, at scale, throughout the ANZ region. This acquisition amplifies Leonardo’s existing expertise in business process improvement, automation, and integration and bolsters UST’s strategic alliances with key regional technology partners, further enriching their service offerings to clients across diverse industries.

“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,” said Stephen Chetcuti, Chief Executive Officer, Leonardo.

“Leonardo will strengthen our global intelligent automation consulting capabilities further and help grow the UST SmartOps platform business in the ANZ region,” said Kumaran CR, Managing Director of Australia, UST.

“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.” Fiinews.com

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