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Asseco SEE (ASEE) acquires a majority stake in BS Telecom Solutions, specializing in complete telecommunications, intelligent traffic, and Smart City information systems.

With this acquisition, ASEE strengthens its portfolio with telecommunications, intelligent traffic and AI driven Smart City systems.

ASEE has acquired a 60 percent stake in BS Telecom Solutions (BSTS), further consolidating its position as a regional market leader in Southeast Europe in the field of business digitalization. The acquisition is in line with ASEE's business expansion strategy to offer its customers the most advanced products and services continuously.

"Our entry into the ASEE Group is significant from the aspect of strengthening the company's position in Bosnia and Herzegovina and the region. It also represents a chance for the company's expansion to the global market. It is certain that ASEE Group, through its operations in 23 countries, can greatly contribute to the expansion of our products into new markets. Together, we can achieve better business results. On the other hand, BS Telecom Solutions as a regional leader in the field of Intelligent Traffic Systems and Smart Cities Solutions will complement the ASEE product portfolio with its products, strengthen and confirm the leadership position of the ASEE in new or existing industrial verticals", said Mirza Varatanović, director of BSTS.

The BSTS’s mission is based on research and development of new services, own products and technologies, engineering solutions in the field of telecommunications, design, and engineering of intelligent systems for telecommunications companies.

"BSTS shares with us the common values ​​of the highest reputation and competencies in all respectable areas of its business, with a strong knowledge of the fastest growing and most promising industries today. I believe that ASEE, along with the BSTS team, will be even more synonymous with excellence, knowledge, and trust in telecommunications, as well as in banking, software production, electronic services, " commented Tomasz Ciborek, Group Sales Operations Director of Asseco South-Eastern Europe.

Darko Glamočanin, Executive Director of ASEE Sarajevo, added: “Since its establishment, ASEE has taken a leading position in Bosnia and Herzegovina as a service provider and software producer in the financial sector. For years, we have been building a position of market leader and driver of change recognized in the business community as a company ready for the latest challenges and the application of transformational technologies such as cloud services, analytics, big data, and AI. We wish a warm welcome to BSTS, a new member of the ASEE team. I am sure that together we will strengthen our position in Bosnia and Hercegovina and the region and support our clients even better in their digitalization process. "

About BSTS

BSTS was founded in 2002. and build up a reputation of in the markets of a leading product services supplier, and integrator of complete telecommunications, intelligent traffic, and smart city information systems. The solutions are based on modern technologies and own products build thanks to investments in technological research.

The main goal of BSTS is that by building an appropriate system, the client is always competitive in the market and can increase its profitability.