The following is a press release sent on 2nd May 2022 announcing the acquisition of the majority stake in Cocoon Creations by Peta Holdings Ltd.
Peta Holdings Ltd announces the acquisition of the majority stake in Cocoon Creations Services Ltd. With this acquisition, the group of companies adds to its portfolio specialised technology and software services, aiming at the direct involvement of the group in the rapidly growing field of digital services and the digital transformation of the public and private sector both in Cyprus and internationally.
Cocoon Creations Services Ltd is an award-winning company with 10 years of expertise in consulting, the design and development of bespoke software solutions for mobile devices and the web, with a special focus on the digital transformation of companies. Cocoon Creations has so far worked with renowned international companies in 13 countries, such as Deloitte, Metlife, Nespresso, Marcus Evans, as well as Cypriot companies such as Primetel, Photiades Breweries, JCC and RIK and many others.
Peta Holdings Ltd includes in its portfolio companies with a wide range of services and products, such as fuel retailing (Staroil Cyprus), manufacturing and distributing Plastic packaging products (Peta Plastics), manufacturing and distributing Paint Brushes and Rollers (Peta Trading and Cypriot Jordanian Co.) and management of immovable property (Peta Estates).
Mr. Michalis Strouthos, Co-Founder & CEO of Cocoon Creations said: “It is with great pleasure that the Cocoon Creations team becomes part of the Peta Holdings Ltd family. Technology services is an ever-evolving industry and τhis investment will create the right synergies and momentum for Cocoon Creations to reach new heights.”
Mr. George Petrou, Executive Chairman of Peta Holdings Ltd said: “We are excited in welcoming Cocoon Creations in our Group of Companies. Cocoon Creations is an award-winning dynamic company with proven past and knowledge to serve and support the needs of developing companies.”
For more information please contact:
Cocoon Creations Services Ltd
Michalis Strouthos
Tel: +357–22–253233
Email: hello@cocooncreations.net
Web: www.cocooncreations.net
