Aegis, the outsourcing services arm of steel-to-shipping conglomerate Essar Group on Tuesday said it has signed an agreement to acquire Argentine business process outsourcing firm, Actionline. Actionline is one of the largest BPOs in Argentina with over 5,000 associates, spread across seven centres in five cities, Aegis said in a statement.
Financial terms of the transaction were not disclosed.
Aegis is a leading Indian outsourcer with 135 clients and employs over 39,000 people across 42 locations. Its parent Essar Group controls Essar Oil (ESRO.BO) and Essar Shipping and Logistics (ESRS.BO). The company recently listed its energy unit Essar Energy (ESSR.L) in London Stock Exchange.