December 12, 2012 / 10:46 AM / in 5 years

Adcorp to buy Australian IT company

JOHANNESBURG, Dec 12 (Reuters) - South African employment agency Adorp said on Wednesday it had bought Australian IT provider Paxus from Computer Sciences Corporation for almost 545 million rand ($63 million) in cash.

Adcorp said the acquisition would diversify its earnings and geographic spread.

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