Plans deals in the range of $50m to $200m
Aegis Communications Group, the business process outsourcing arm of Essar Group in India, will move ahead with its acquisition plans in the Middle East, Europe, Latin America and Africa during the next two years.
Aegis managing director Aparup Sengupta was quoted by Bloomberg as saying deals in the range of $50m to $200m have been targetted by the company, with plans to complete one each quarter.
In addition to the recent acquisition of US student loan provider SLM Corp.’s call center in Texas, Aegis may close its $45m purchase of 59% stake in Indian communications services company AGC Networks for $45m as early as this week, the news agency reported.
"We will continue to run a double cylinder engine; going for growth through organic and inorganic routes," Sengupta said.
Sengupta said that in Africa the company’s focus is serving customers in the telecommunications, utilities and banking industries, by doubling its headcount to 2,000 in the current fiscal year.
He added that Aegis is doubling its workforce to 700 employees by the end of October at its Killeen, Texas call center.