Home / M&A Activity / Sudhakar Kesavan: ICF to Buy Belgium-Based Mostra for Europe Market Push

Sudhakar Kesavan: ICF to Buy Belgium-Based Mostra for Europe Market Push

ICF logo_EbizICF International (NASDAQ: ICFI) has moved to grow its communications services portfolio in Europe by agreeing to buy Brussels, Belgium-based Mostra S.A. for an undisclosed amount.

ICF intends for the acquisition to increase its earnings per share starting in the second quarter of its 2014 fiscal year and will adjust the company’s 2014 metrics to reflect the transaction, ICF said Tuesday.

Sudhakar Kesavan, ICF chairman and CEO, said the company aims to further build its footprint in Europe’s health, social services and energy markets.

Fairfax, Va.-based ICF said it also intends to grow its policy and advisory work with the European Commission and combine the company’s technology offerings with Mostra’s communications services portfolio.

Mostra works with some EC directorate generals, the European Parliament, the Council of the EU and private business in the region to create and carry out communications initiatives.

The 140-employee company’s offerings encompass content and editorial services; print, audiovisual, and web production; stakeholder management; social media campaigns; media relations; media buying and planning; and event organization.

Mostra also manages multilingual, multicultural content in 24 EU languages across the continent.

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