Business
OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Announces its Acquisition Update as It Closes in on Numerous Strategic Acquisitions
OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Announces its Acquisition Update as It Closes in on Numerous Strategic Acquisitions.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, June 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a M&A company focused on acquiring and developing technology-based companies globally. The company has already completed three acquisitions in 2021 and has been working on completing several strategic acquisitions in Europe and the USA. ILUS’ acquisition strategy includes the aggressive acquisition and consolidation of companies that fit its strategic modus operandi and its core mission of delivering innovative and disruptive technology which protects and saves lives. ILUS has a three-pronged acquisition strategy and is conducting thorough due diligence on, and negotiating with, potential acquisitions that satisfy the following objectives:  Acquisitions that will add to ILUS’ manufacturing footprint and global production capacity since many of its key markets require or prefer local manufacturing capability instead of importing. ILUS is acquiring companies with well-established brands and routes to market in specific sectors, which will exponentially speed up the penetration of the ILUS product range into those markets or sectors.  ILUS is acquiring companies that have a technological advantage, where the target company will contribute significant innovation to the ILUS group of products or wider strategy. Technology additions are focused on the public safety sector and include software solutions with significant Artificial Intelligence capability, IoT technology including wearable technology, and disruptive drone technology.  ILUS is currently engaged in the final stages of discussions in Europe where it expects to complete an acquisition which it has been working on for nearly five months. This acquisition will simultaneously benefit from a Joint Venture with a specialist vehicle manufacturer and the privatization of a large ex-government manufacturing plant. This European acquisition has many moving parts and is substantial in size and strategic importance. The deal will allow ILUS access to some of the world’s largest free trade agreements including the whole of Russia, China, European Union and Eastern Europe, servicing a combined population of over two billion people, some of world’s largest economies and key markets which are in dire need of a technology refresh....