Aegis BPO Services Ltd. said Friday it concluded its $250 million acquisition of PeopleSupport Inc. through its wholly owned subsidiary, Essar Services.
Stockholders of PeopleSupport Inc., a Los Angeles-based outsourcing company, earlier this month voted to approve the merger with the Mumbai, India-based conglomerate.
Aegis paid $12.25 a share in cash for PeopleSupport, which operates offshore call centers. PeopleSupport, which has most of its offshore employees in the Philippines, will become a subsidiary of Essar Services.
Aegis BPO is India’s largest outsourcing company and has a dominant presence in telecom, banking and financial services. The acquisition of PeopleSupport adds to brings it contracts with companies in industries such as travel, financial services, technology, telecommunications, health care, insurance and media.
PeopleSupport is the 11th acquisition that Aegis has completed in the last three years.