Global outsourcing giant Teleperformance has reached a deal to purchase Aegis’ outsourcing operations in the United States, the Philippines and Costa Rica for US$610 million.
The deal will see Teleperformance acquire Aegis USA Inc. (AUI), which represents US$400 million in revenue and over 19,000 full time employees across 16 contact centers in the three aforementioned countries. AUI serves premium clients in the U.S. market in several key growing industries such as healthcare, financial services, travel and hospitality.
“We look forward to partnering with our new clients upon the closing of the transaction. We want to ensure them that the entire consolidated team is committed to serving them with dedication, professionalism and passion,” said Teleperformance’s executive chairman and CEO, Daniel Julien and Paulo Cesar Salles Vasques, respectively. “This will be an historic transaction for the Teleperformance shareholders as this acquisition fits perfectly with our long-term strategy.”
AGC Holdings Limited (Aegis), an outsourcing and technology company acquired by Essar Global Fund Limited in 2004, will remain in control of the remainder of its global BPO business, which extends across India, Sri Lanka, Malaysia, Australia, South Africa, Peru, Argentina, Saudi Arabia and the U.K.
Uday Gujadhur, board member of Essar Capital Limited and fund manager for Essar Global Fund Limited commented, “We would like to announce the sale of AUI. This transaction fits the strategic objectives of Essar Fund in the rapidly growing high quality assets and delivering value creation, in this case through a sale to a high quality strategic player in Teleperformance.”
The transaction is expected to close during the third quarter of 2014, subject to receipt of certain regulatory approvals and other customary closing conditions.
“This transaction will also yield many synergies and benefits for Aegis’ employees and esteemed customers. We look forward to continue to grow the Aegis portfolio in our other markets including India, Malaysia, Australia, Middle East, Europe and Latin America,” Gujadhur added.
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