Relia’s takeover of two local firms gets regulatory approval
Relia’s acquisition of Philippine-based business process outsourcing (BPO) firms SPi CRM Inc and Infocom Technologies has received approval from the Philippine Competition Commission (PCC). According to the PCC, the acquisition does not result in a substantial lessening of competition in the relevant market. It added that Relia was not conducting any business in the Philippines and the BPO businesses of the parties were catering to different geographic markets. Relia, a Japanese BPO firm, earlier acquired 100% of the shares of SPi and 99.64% of the shares of Infocom. Relia said the acquisition was part of its strategy to expand business in the Asian region and provide English/Tagalog language services.
