Meralco Unit MIESCOR Completes Acquisition of Bayad Subsidiary

MERALCO Industrial Engineering Services Corporation (MIESCOR) has completed the acquisition of 400,000 common shares of Customer Frontline Solutions. Inc. (CFS) from CIS Bayad Center, Inc. (Bayad) on September 2, 2025 for a total consideration price of P74 Million.

​MIESCOR is a wholly owned subsidiary of Manila Electric Company while CFS and Bayad are affiliates through Corporate Information Solutions, Inc.
 
MIESCOR is a holder of the highest contractor license Category AAA since 1982. It is engaged in engineering, construction and maintenance activities related to power generation, transmission and distribution. It has a wealth of experience servicing local and global corporations in the industries of petrochemical, utilities, transportation, telecommunication and real estate.
 
Customer Frontline Solutions is the top companies' preferred provider of outsourced tellering, frontline customer services and customer solutions in the Philippines.
 
Founded in January 2008, Customer Frontline Solutions is a subsidiary of Bayad Center under Meralco, under the MVP Group. CFS continues to expand its client base with a proven track record of providing “worry-free solutions”.
 
CFS is a total customer solutions provider – helping companies focus on their core businesses. From 200 frontliners, CFS now has over 1,000 employees deployed in clients' sites, nationwide.