ICF International to acquire European communications firm
- January 21, 2014
ICF International is planning to purchase European communications firm Mostra S.A., expand its reach into Europe.
ICF, a Fairfax-based contractor, has signed a definitive agreement to acquire the Brussels-based firm, which has $40 million in annual revenues.
Mostra provides communications services to both commercial and government clients, including most of the 33 European Commission’s Directorate Generates, the European Parliament and the Council of the European Union. The company has the capability to manage production of multilingual content in 24 official European Union languages and all 28 European Union countries.
“Mostra is a strategic fit, adding complementary capabilities that enhance our services across key markets throughout Europe, including health, social programs and energy,” said Sudhakar Kesavan. “With it’s leading market share position, and portfolio of long-term client engagements with the European Union, Mostra will be a stable platform to help drive and support growth of our international business.”
The acquisition is expected to be accretive beginning in the second quarter of 2014 and will be included in ICF’s guidance metrics.