Tech Mahindra acquires Hutch's India BPO business for $87.1 million !



New Delhi: Indian software services provider Tech Mahindra Ltd on Tuesday acquired Hutchison's India BPO business for USD 87.1 million.

Hutchison Global Services provides services to the clients of Hutchison's mobile firm in the UK, Ireland and Australia, the statement said.

As part of the deal, the clients of Hutchison Global have committed to procure services worth USD 845 million over a five-year period, said Tech Mahindra, a unit of India's Mahindra & Mahindra Ltd

Hutchison Global Services has about 12,000 employees operating out of five facilities in India.

British outsourcing group Serco was also interested in buying Hutchison Global Services, which services Hutchison’s mobile firm Three in the UK and Ireland as well as Vodafone in Australia.
source:
zee news


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