Essar Group’s business process outsourcing and technology arm, Aegis Ltd, has acquired CCN Group PTY Ltd, a South Africa-based BPO firm, for around $30 million. This is Aegis’ 12th acquisition and will mark its entry into the South African market. In May this year, Aegis had announced the acquisition of UCMS Group, a BPO firm in Australia, for around Rs 203 crore (A$54 million). The deal, however, is still awaiting regulatory approvals.

The company plans to invest $60 million in South Africa in the next three years and plans to create around 5,000 jobs there. Sandip Sen, global chief marketing officer and head of sales, Aegis, said: “We are putting in a significant amount of our overall South Africa planned investment of $60 million into this acquisition.” Though the company officially declined to comment on the deal size, sources put the number to around $30 million. (more…)