Teleperformance acquires PSG Global Solutions
Business Process Outsourcing (BPO) giant Teleperformance announced its acquisition of recruitment process outsourcing (RPO) firm PSG Global Solutions.
Teleperformance’s press release disclosed that the consideration for the transaction (enterprise value) is US$300 million at closing. The acquisition is fully financed with cash on hand.
Further, Teleperformance said that this acquisition would further strengthen their strong added-value Specialized Services activities, their major position in the dynamic US healthcare vertical, and their digital recruitment practices.
Moreover, the deal is projected to create immediate value for Teleperformance shareholders as it would be accretive to EBITDA margin and earnings per share in 2022 on a proforma basis.
Teleperformance Chairman and CEO Daniel Julien said: “PSG delivers critical recruitment services to a large array of blue chip clients, mostly in diverse recession-resilient end-markets in the United States.”
“Together with PSG’s experienced and entrepreneurial management team and its premier proprietary technology capabilities, we will continue to strengthen our solid position in the US healthcare end-market and our digital recruitment processes,” he added.
Meanwhile, Teleperformance President of Specialized Services added that their investment in PSG “will drive enhanced growth and new solutions and allow for the achievement of our never-ending focus on delivering total and complete client satisfaction!”
PSG’s portfolio of more than 110 clients and 4,000 employees are expected to be absorbed into Teleperformance’s operations.
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