Musson Acquires Massy’s Information Technology and Communications Line of Business
October 15th, 2020
KINGSTON, Jamaica. Musson (Jamaica) Limited (“Musson”) today announced that it has completed the acquisition of Massy Holdings Limited’s regional information technology and communications line of business (“Massy Technologies”).
Massy Technologies is one of the largest and most prominent information technology and communications providers in the Caribbean. Massy Technologies offers its customers enterprise IT and communications solutions including design, implementation, managed services and system maintenance in five countries Trinidad and Tobago, Jamaica, Barbados, Guyana and Antigua and Barbuda.
Musson completed the acquisition through its newly formed subsidiary PBS Technology Group. PBS Technology Group is a distinct legal entity from Musson’s other information technology subsidiary Productive Business Solutions and will be managed independently by Massy Technologies’ executive team led by its CEO Ian John.
Following a transition period and requisite approvals, Musson intends to combine PBS Technology Group and Productive Business Solutions to create the foremost information technology solutions provider across both the Caribbean and Central America. The combined businesses will have over US$250 million of annual revenue, operate in 19 countries, have over 2,100 information technology professionals.
Ian John, the incoming CEO of PBS Technology Group said “Our team has built a leading information technology and communications business with longstanding clients, deep relationships with global vendors and strong technical capabilities. We are pleased to be joining the Musson Group. We share a common belief in the growth opportunity ahead of us and look forward to working together to take the business to the next level.”
In commenting on the landmark regional transaction, P.B. Scott the Chairman and CEO of Musson said, “Massy Technologies owns a high-quality portfolio of mission-critical technology and communications businesses and is managed by an exceptional team of talented professionals. We are privileged to welcome them to the Musson Group. Together our two information technology businesses, PBS and PBS Technology Group, will create an unrivaled platform that covers the Caribbean and Central America. Our increased scale and combined resources will allow us to better serve our clients and offer exceptional value to global technology brands seeking to do business in our region. This is particularly true in the current environment which has accelerated the pace of technological adoption and highlighted its vital importance to our economic recovery.”
About the Musson Group
The Musson Group is a diversified holding company that owns controlling stakes in a number of public and private companies including Seprod Limited, General Accident Insurance Company (Jamaica) Limited, Productive Business Solutions Limited, InterLinc Group Limited, T. Geddes Grant (Distributors) Limited and Canopy Insurance Limited.
About PBS Technology Group
PBS Technology Group owns Massy Holdings Limited former information technology and communications business throughout the Caribbean. Through its subsidiaries it operates in 5 countries Trinidad and Tobago, Jamaica, Barbados, Guyana and Antigua and Barbuda. In its enterprise IT business, it provides solutions including omni-channel payments, software, infrastructure and hybrid cloud computing. In its enterprise communications business, it provides networking solutions, communication infrastructure, network security, IP telephony, two-way radio and operates a network operating center and security operating center. Additionally, PBS Technology Group provides managed services, consulting and technical support services and sells IT equipment including desktops, laptops and multifunctional printers. It also owns Surepay, an e-billing platform.
About Productive Business Solutions
PBS is one of the largest integrated information technology sales and distribution platforms in Central America and the Caribbean. It operates in 16 countries Costa Rica, El Salvador, Guatemala, Panama, Nicaragua, Honduras, Dominican Republic, Colombia, Aruba, Curacao, Suriname, United States, Cayman, Belize, Barbados and Jamaica. PBS provides information technology, networking, security systems, managed services, security systems and printing solutions to leading private sector and government clients in the region. PBS also owns Hitech which provides software engineering, consulting and other advanced services. It is publicly listed on the Jamaica Stock Exchange and the Barbados Stock Exchange.
Nicholas A. Scott
Chief Investment Officer
Musson Group of Companies