The GS Group holding held in March, 2014 a conference within which it reported that it acquired 100% of shares of Novabase Digital TV companies (EURL) and DTV Research (Lda) — subsidiary companies of the Portuguese IT company Novabase and also 49% of the stocks Novabase Digital TV (Gmbh).
Due to these structures GS Group will expand presence geography, having added the Western European and African markets to the markets of the CIS countries, Eastern Europe and Southeast Asia. In turn the Portuguese company will be able to enter the markets where GS Group already successfully works - it is the states of Eastern Europe, Southeast Asia, Russia and the CIS countries.
The total cost of the transaction was 5 million euros from which more than 3.4 million euros fell on Novabase Digital TV (Gmbh), 1.5 million euros — on DTV Research and 25 thousand more euros for Novabase Digital TV (EURL).
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