South Africa Business Communities

Powered by Africa Business Communities

WNS Acquires Fusion Outsourcing Services in South Africa - Expanded Global Capability Enhances Growth Opportunities

WNS (Holdings) Limited, a leading provider of global business process solutions, today announced that it has acquired Fusion Outsourcing Services (Pty) Ltd., a leading BPO provider based in South Africa. Fusion provides a range of outsourcing services including contact center, customer care and business continuity services to both South African and international clients. With operations in Cape Town and Johannesburg, Fusion currently employs approximately 1,500 people. WNS recently collaborated with Fusion to service one of WNS's largest UK-based clients with premium voice services.

WNS's CEO, Keshav Murugesh, stated, "The acquisition of an established player like Fusion brings a new and highly leveragable asset to WNS. Expanding our global delivery footprint and entering emerging growth markets are key pillars of our investment strategy. We believe that establishing operations in South Africa addresses both of these objectives. WNS currently has several existing and prospective clients interested in having services delivered from South Africa to take advantage of the English language capabilities, skilled talent pool and strong cultural work ethic. Longer term, we view this growing economy as an exciting end-market user of global BPO services, especially in the areas of finance and accounting and insurance-specific services. We are pleased to welcome the Fusion team into the WNS family, and look forward to working together to take the company to greater heights."

"We are thrilled to become a part of a vibrant and growing global organization like WNS," said Johann Kunz, Fusion's Managing Director. "We are proud of the solid foundation and reputation we have been able to build, and look forward to becoming an integral part of WNS's global strategy going forward."

The acquisition of the shares of Fusion from BFSL Limited, part of UK-based BGL Group of companies, is effective June 21, 2012, and cash consideration for the transaction was UKGBP 10 million plus adjustments for cash and working capital. The transaction is expected to be funded from cash on hand, with approximately half of the consideration paid at completion and the remainder payable in tranches on or before May 31, 2013. Based on Fusion's existing book of business, the acquisition is expected to contribute incremental revenue of $9 million - $10 million for WNS in fiscal 2013. WNS expects the transaction to be neutral to adjusted earnings(1) per share in fiscal 2013, and accretive in fiscal 2014.

www.wns.com

Views: 80

Comment

You need to be a member of South Africa Business Communities to add comments!

Join South Africa Business Communities

Africa Business Panel | B2B Market Research

As a valued LinkedIn group member, we invite you to join a prestigious online community.


The Africa Business Panel is open exclusively to business men and women engaged in business on the African continent.

 

As a participant in the African Business Panel, you will benefit in several ways and at the same time, you will have no obligations whatsoever. You will decide if and when you want to participate. However, the more you participate in surveys, the better your chances of benefiting from your membership.

Click here to join now



Badge

Loading…

Jobs in Marketing - Johannesburg

Digital Marketing and Outreach Manager (Gauteng)

Posted by: LayerCake Recruitment</i>
Province: Gauteng
Education level: Degree
City: Gauteng
Type: Permanent
Read full job description...

Quantitative Analyst Senior (Pretoria)

Posted by: E-Merge IT recruitment</i>
Province: Gauteng
Education level: Degree
City: Pretoria
Type: Permanent
Read full job description...

Digital Marketing Assistant (Johannesburg)

Posted by: Lisacars</i>
Province: Gauteng
Education level: Degree
Have own transport: Yes
City: Johannesburg
Type: Permanent
Read full job description...

Digital Marketing Manager (Johannesburg)

Posted by: Capital Edge Recruitment</i>
Province: Gauteng
Education level: Diploma
City: Johannesburg
Type: Permanent
Read full job description...

Digital Strategist (Johannesburg)

Posted by: Cardilogix</i>
Province: Gauteng
Education level: Degree
Have own transport: Yes
City: Johannesburg
Type: Permanent
Read full job description...

Marketing Assistant (Johannesburg)

Posted by: Matrix Fitness South Africa</i>
Province: Gauteng
Education level: Diploma
Have own transport: Yes
City: Johannesburg
Type: Permanent
Read full job description...

Graphics/Marketing Coordinator (Johannesburg)

Posted by: Corporate Apartment Group</i>
Province: Gauteng
Education level: Diploma
Have own transport: Yes
City: Johannesburg
Type: Permanent
Read full job description...

Digital Marketing Manager (Johannesburg)

Posted by: Vibrant Media</i>
Province: Gauteng
Education level: Degree
Have own transport: Yes
Travel requirement: Occasional
City: Johannesburg
Type: Permanent
Read full job description...

© 2019   Created by Bas Vlugt.   Powered by

Badges  |  Report an Issue  |  Terms of Service