NEW DELHI: In a first of its kind acquisition of a India-focused BPO by a foreign company, the UK-based $6-billion Serco Group has bought out
Gurgaon-based BPO major InfoVision.
The deal marks the entry of Serco Group, a business services company, into India. The company has bought a 60% stake and will acquire the rest over the next couple of years.
According to sources, Serco will pay about $75 million for the Rs 250-crore InfoVision. ET had reported earlier in September that Serco is among the frontrunners to acquire InfoVision.
InfoVision group has about 10,000 personnel and 60 clients. Serco, which offers a whole spectrum of support services but did not have a presence in the BPO space prior to the InfoVision acquisition, plans to have a workforce of 20,000 in the next 2-3 years.
Read More Article
Gurgaon-based BPO major InfoVision.
The deal marks the entry of Serco Group, a business services company, into India. The company has bought a 60% stake and will acquire the rest over the next couple of years.
According to sources, Serco will pay about $75 million for the Rs 250-crore InfoVision. ET had reported earlier in September that Serco is among the frontrunners to acquire InfoVision.
InfoVision group has about 10,000 personnel and 60 clients. Serco, which offers a whole spectrum of support services but did not have a presence in the BPO space prior to the InfoVision acquisition, plans to have a workforce of 20,000 in the next 2-3 years.
Read More Article
0 comments:
Post a Comment