PBS Group Takes 70% Stake in TSL Barbados

• Productive Business Solutions Group (PBS) announced on 8 October 2026 that it has acquired a 70% stake in TSL (Barbados) Ltd. The deal follows its recent takeover of Trinidad Systems Limited and strengthens PBS’s presence in Barbados and its regional technology portfolio. The Corbin family keeps the remaining 30%.
• TSL Barbados will keep its brand and stay locally run. Directors Jake Corbin (Sales & Marketing) and Luke Corbin (Consulting & Operations) will jointly lead the business as long-time CEO Peter Corbin retires. Its customers will keep the same account managers and service teams.
• PBS CEO Pedro M. Paris called TSL Barbados a natural fit, citing its local expertise and customer relationships. He noted that the deal shows confidence in Barbados and widens the integrated technology solutions PBS can offer across its seven business lines.
• Trinidad Systems Limited’s expertise in payment methods adds to PBS’s work in financial services. With both TSL businesses in the group, the Barbados and Trinidad teams can share expertise and pursue new business across the region.
• TSL Barbados gains PBS’s regional resources, technology capabilities and specialised staff training. Its leaders say they will stay focused on their people and customers while building on the TSL brand.
• PBS’s stock price has fallen 25.9% since the start of the year to close at US$0.7225 on October 8, 2026. This was mainly due to weaker earnings in Q1, which saw the stock price fall by more than 60% to US$0.34. Since then, the price has begun to recover, supported by a stronger Q2 in which earnings grew by 22.8%. At US$0.7225, PBS is trading at a price-to-earnings (P/E) ratio of 37.4x, which is above the USD Stock Market median of 10.6x

(Source: JSE & NCBCM Research)