SOURCE: Aegis Limited

Aegis Limited

August 11, 2009 14:40 ET

Aegis Completes Acquisition of UCMS Group

MUMBAI, INDIA and MELBOURNE, AUSTRALIA--(Marketwire - August 11, 2009) - Aegis BPO Services Australia Pty Limited, an affiliate of Aegis Limited, a leading global business process outsourcing (BPO) provider, today announced the successful completion of the acquisition of UCMS Group Limited, a leading BPO services provider in Australia, which was announced in May this year.

Aegis has acquired all of the shares of UCMS Group Limited through an all cash transaction with an aggregate equity value of approximately AUD 54 million (Rs 200 crores). The transaction has received all the necessary approvals, including UCMS shareholder approval, approval by the Supreme Court of Victoria and certain other customary closing conditions.

Aegis has paid UCMS stockholders AUD 0.98 per share in cash through Aegis BPO Services Australia Pty Limited, which represents a premium of 133% over closing price of UCMS on 14th May 2009 of AUD 0.42, being the last trading day prior to the media announcement made on 15th May 2009.

Aparup Sengupta, CEO and Managing Director of Aegis Limited, said, "Australia and New Zealand are an integral part of our growth strategy and the integration with UCMS offers us an opportunity to consolidate our presence in this region. The Aegis UCMS combined entity will offer clients and prospects an extended set of solutions and services from a broader geographic delivery platform." Elaborating on future plans, Aparup said, "Australia is a very mature market and there is a need for effective and efficient proximity services in the customer life cycle management space. Our intention is to grow Australia by adding 1500-2000 people."

Denice Pitt, CEO of UCMS Group Limited, said, "We are happy that Aegis has found a worthy partner in UCMS to guide its future growth. This transaction creates a win-win for our customers, employees and stakeholders."

With the completion of this transaction, Aegis is poised to become a leader in the rapidly growing global BPO market with operations in India, the Philippines, the United States, Costa Rica, Kenya, South Africa and now Australia. With more than 35,000 employees globally Aegis is well positioned to provide onshore, near shore and offshore BPO services or a combination of customized solutions to meet client requirements. Additionally, Aegis will offer and benefit from greater scale, deeper domain expertise, a comprehensive and flexible solution offering, financial strength, and a rich international talent pool.

Aegis has established a record of successfully aligning the interests of all stakeholders in a short period of time. This would be the 13th acquisition for Aegis, having recently announced its acquisition of the South Africa based CCN Group.

About Aegis

Aegis is one of the leading global business process outsourcing (BPO) providers that offers customer lifecycle management and a variety of value-added interactive and back-office services for global enterprise clients. Aegis is one of the fastest growing BPO companies globally with annualized revenues of approximately half a billion USD. With deep industry expertise, Aegis services several Fortune 500 companies worldwide in the telecom, banking and financial services, and insurance, healthcare, and travel verticals. Aegis offers an end to end global delivery platform spanning onshore, near shore and offshore locations with 33 delivery facilities in the United States, the Philippines, India, Costa Rica and Africa. For more information please visit www.aegisglobal.com

Contact Information

  • Aegis media contacts:
    India
    Manisha Awasthi
    Corporate Communications
    Phone: +91 98339 45761
    Email: Email Contact

    USA
    Peter Hargittay
    Aegis Marketing Americas
    Phone: +310.824.6182
    Email: Email Contact

    Australia
    Polly Johnson
    Group Manager, Kinetics PR - representing UCMS
    Phone: +61 2 9212 3848 or +61 404 833 179
    Email: Email Contact