BTS Group AB Announces Establishment of New Venture in Argentina; Appoints Alberto Franichevich as Director to its New Venture
August 01, 2017 at 01:29 pm EDT
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BTS Group AB announced on July 31, 2017 that it has reached an agreement with Alberto Franichevich, a professor at IAE Business School to open a business venture in Argentina. This new company will be majority owned by BTS, while Franichevich will own a minority share. This newly created entity will be focused on the Argentina market and offer a range of the BTS services to new local as well as global clients, thereby strengthening the Latin American franchise of BTS.
Reportedly, Franichevich has agreed to remain as a director of the venture until 2022, when BTS has committed to acquire the remaining shares in the company at a performance based price. BTS Argentina will be consolidated as of 1 September 2017.
BTS Group AB (BTS) is a Sweden-based learning and development consultancy company. BTS uses customized simulation models to support executive management in making change and improving profitability. The Companyâs solutions and services train the corporate organization to analyze and make decisions centered on the factors that promote growth and profitability. It has three practice areas: Strategic Alignment & Business Acumen, Leadership, and Sales Force Transformation. BTS customers include such companies as Accenture, Deloitte, Humana, Schlumberger, Unilever, AT&T, Coca-Cola, Sony, Microsoft, Vodafone, BBVA, Ericsson, Telefonica, National Australia Bank, Telstra, Xerox, BG, GAP, Texas Instruments, HP, Toyota, and others. The Company has subsidiaries in Sweden, Finland, the United States, Australia, South Africa, Mexico, Italy, Spain, Belgium, Switzerland, Singapore and Thailand, among others. It operates through Wizerize A/S, Cesim Italia Srl and Design Innovation Srl, among others.
BTS GROUP AB 
