May 26, 2009 (FinancialWire) — IT company Telvent (NASDAQ: TLVT) has reached an agreement to purchase the remaining 42% of Matchmind, a specialist in systems integration.

Telvent originally acquired 58% of Matchmind in October 2007 and retained the right to purchase the remaining 42% between 2009 and 2011. With this new agreement, Telvent will complete the full integration two years ahead of schedule.

Since the purchase of the original 58% stake, Telvent and Matchmind have been integrating their consulting, outsourcing, and systems integration services businesses, meeting successfully all goals established for this phase. Telvent has now reached an agreement with the management shareholders of the remaining 42% to accelerate the exercise of the options provided for in the original agreement, thus completing the full integration of its operations, services and solutions, with the objective of continuing to create value for both companies’ customers.

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