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PTL International, the technology subsidiary of Hili Ventures, has acquired Apco Limited, the Malta-based payments solution provider.

This is PTL International’s second key acquisition this quarter, following the purchase of SAD, Poland’s largest retail network of Apple products.

With Apco under its umbrella, PTL International now boasts a knowledge base of more than 400 people, mostly IT professionals, based in Malta, Poland, Latvia, Libya and Dubai, and in Hungary and Romania through a joint venture with VJ Salomone.

PTL International’s annual turnover will now exceed €100 million.

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