M&A Deal Summary

Teamcore Acquires Grupo BIT

On May 2, 2024, Teamcore acquired information technology company Grupo BIT

Acquisition Highlights
  • This is Teamcore’s 2nd transaction in the Information Technology sector.
  • This is Teamcore’s 1st transaction in Colombia.

M&A Deal Summary
Date 2024-05-02
Target Grupo BIT
Sector Information Technology
Buyer(s) Teamcore
Deal Type Add-on Acquisition

Target

Grupo BIT

Cali, Colombia
Grupo BIT manages distribution channels for large companies using cutting-edge technology. The company is focused on converting data into valuable insights that help optimize strategic decisions and improve the profitability of its clients. Grupo BIT was formed in 2003 and is based in Cali, Colombia.

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Buyer(S) 1

Buyer

Teamcore

Santiago, Chile
Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

Teamcore enables retailers and CPGs to manage in-store availability of their products and gain BI/insights into their stock and performance. Teamcore’s algorithm generates and prioritizes customizable action plans for CPG’s field reps, enabling them to better prioritize their time and target higher-priority lost sale opportunities. Teamcore was founded in 2015 and is based in Santiago, Chile.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Colombia) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Pabis

Mexico City, Mexico

Pabis Retail is a business intelligence company for consumer packaged goods (CPGs). Pabis’s proprietary software aggregates data from over 300 retailers across LATAM, and their algorithms transform this data into actionable insights, enabling key players in the retail sector to make timely operational decisions for their products at each point of sale, every day. Pabis was formed in 2008 and is based in Mexico City.

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