eClerx Services, an outsourcing company announced plans to acquire 100 per cent stake in Italian digital services company CLX Europe for 25 million euros.
In a statement, eClerx said the transaction would be routed through its wholly owned overseas subsidiary eClerx Investments (UK) and is likely to close in the near future. The transaction will be funded from eClerx’s internal accruals.
CLX creates, manages and delivers creative assets globally to the multi-channel market for luxury brands and major retailers. It is majority owned by private equity investors Opera SGR SpA and Progressio SGR SpA and the current operating management team will continue.
“The combined companies’ capabilities are highly complementary, and now form a continuous value chain of creative asset development, digital multi-channel production, data management and analytics and insights,’’ the statement added.
On the Bombay Stock Exchange, eClerx touched an intra-day high of Rs. 1,700 before closing trade at Rs. 1616.4, a gain of 1.68 per cent.
