WNS (Holdings), NYSE-listed BPO company, has acquired UK-based Call 24/7, an auto insurance claims processing services provider, for Rs 77 crore (Rs 770 million).
The amount for the acquisition is pegged at 8 million pounds (Rs 64 crore) and will be paid in cash at the completion of the deal.
A contingent earn-out of 1.6 million pounds (around Rs 12 crore) to be determined on certain performance parameters in the financial year ending March 31, 2009, will also be paid in cash during FY09.
WNS will integrate Call 24/7 into WNS Assistance, a division of WNS Global Services UK and subsidiary of WNS. The deal will enable the company to extend its leadership position in accident claims management in the UK.
"Call 24/7 is a highly synergistic acquisition and will strengthen