Infosys BPO, the business process outsourcing arm of Infosys, announced on Tuesday the signing of a “definitive agreement” to acquire the entire outstanding share capital of the Sydney-based Portland Group Pty Ltd., a leading provider of strategic sourcing and category management services. A statement issued by the company said the acquisition was expected to be completed by early next month. The acquisition is expected to cost Infosys Australian $ 37 million (about Rs.195 crore), “subject to customary post-completion adjustments,” according to the company.
Swaminathan D, CEO and MD, Infosys BPO, said, the acquisition would “significantly deepen” the company's “capabilities and domain expertise” in its sourcing and procurement practice. He said the move would “strengthen the top-end” of its service offering in the strategic sourcing and category management functions. “This will also enhance the competitiveness, spread of offerings and global reach for our clients,” he added.
