July 10 India's Essar Global Fund Ltd is selling
the U.S. operations of Aegis, its outsourcing and technology
portfolio unit, to Paris-based rival Teleperformance SA
for $610 million as the European company looks to
boost its presence in the United States.
The sale includes Aegis' U.S. operations, the Philippines
and Costa Rica. Aegis will retain its BPO business across India,
Sri Lanka, Malaysia, Australia, South Africa, Peru, Argentina,
Saudi Arabia and the UK, according to a statement by Essar.
The business to be acquired represents total annual revenue
of $400 million and more than 19,000 full-time employees across
16 centres in the three countries, Teleperformance said in a
Buying Aegis U.S. will significantly strengthen the
Paris-based company's presence in the healthcare, financial
services, travel and hospitality verticals in the United States,
the company said.
The transaction is expected to close in the third quarter.
(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by