Aegis Bpo Acquires Australian Bpo For Rs 200 Cr
Essar Group-owned BPO Aegis has acquired Australia-based UCMS Group for $40.7 million (Rs 200 crore). Aegis’ Australian affiliate, Aegis BPO
Services Australia, will pay UCMS shareholders $0.68 per share, which is a 133% premium over Thursday’s closing price, the company said on Friday.
With this acquisition, Aegis will add 2,000 UCMS employees with the combined entity having a staff strength of 35,000 spread across India, the Philippines, the US, Costa Rica, Kenya and Australia.
Aegis, which has annualised revenues of approximately $500 million, is looking to complete the deal by August 2009. Currently, the BPO’s revenues out of Australia is about $5 million. UCMS Group had revenues of around $157 million in the last financial year. Aegis will fund this deal through internal accruals.
This will be Aegis’ twelfth acquisition over a three-year period. Last August, the company acquired PeopleSupport for $250 million, which gave it a larger presence in the Philippines. Earlier this year, Aegis offered to buyout the US-based BPO ICT Group for $128 million, which was rejected by the latter. Full News