Yesterday, Sweden-based HoistLocatel completed the acquisition of Swisscom Hospitality Services (SHS).
The new company, Hoist Group, forms the most powerful provider of IT services to the hospitality and healthcare industries in the EMEA region, with a strong North American presence.
Hoist Group is EMEA’s premier technology partner for hotels, healthcare institutions and public operations. With more than 20 years of hospitality experience, Hoist Group is the market leader in innovative high speed internet access, conference services, TV and content solutions, property management systems (PMS) and back-office software, as well as other technologically enabled guest-facing amenities.
Hoist Group CEO and founder, who will continue to lead the group as overall CEO Malcolm Lindblom said: "I’m really pleased that the deal is closed and I very much look forward to the next phase where we integrate our products and services.
"By combining with SHS, we bring to market the best internet services offer available, the Fusion Platform – HSIA has become a key driver in our industry."
The key driver behind the partnership was the desire to meet customers’ expectations, in terms of providing the best of functionalities and services coupled with competitive terms and conditions. The move will enable the company to achieve this goal while still delivering high volumes and scalability in products. The partnership also gives Hoist Group the unique possibility to be at the forefront of development and offer the best solutions in the market place.
Former CEO of SHS and newly appointed Deputy CEO of the Hoist Group Alfonso Tasso said: "All of our key customers have applauded this combination, which will create a one-stop shop for the industry across EMEA – within Hoist Group we can reach the critical mass to better serve our partners with more resources to develop, deploy and serve innovative solutions at more attractive terms."
For more information, please contact Hoist Group.