STC Group, a prominent player in digital transformation in the region, is set to expand its presence in the digital business consulting sector. The company has recently signed a binding offer with Devoteam SAS (France) and ORTLL Investment Limited to acquire a 40 percent stake in Devoteam Middle East (DME), a leading provider of innovative digital business consulting services.
The acquisition, subject to regulatory approval, will significantly enhance STC’s capabilities in the IT sector, further solidifying its position as a driving force in digital transformation. Through this strategic move, STC aims to integrate various affiliates specializing in digital infrastructure, IoT, cloud computing, cybersecurity, digital financial services, and business outsourcing services.
By creating an integrated system, STC will empower digital transformation across multiple sectors, enabling businesses to leverage cutting-edge technologies and solutions. Earlier this year, STC’s subsidiary TAWAL entered the European market through the acquisition of telecommunications tower assets, highlighting the group’s commitment to expanding its expertise in the digital infrastructure domain.
Devoteam Middle East, as part of the global Devoteam Group, brings local, regional, and international expertise in digital strategic services, business transformation, data analysis, artificial intelligence, and business automation solutions. This acquisition aligns with STC’s “stc dare” strategy, aimed at solidifying its position as a leading national company and a catalyst for the digital economy in the region.
STC remains dedicated to enabling digital transformation and driving the growth of the digital economy through strategic partnerships and investments in key sectors.
