Infosys has bought the captive BPO division of Philips, sources said.
Philips BPO has centres in Chennai, Warsaw and Thailand, sources said, adding that it has 1,500 employees. 700 employees will be based in Poland.
The deal is likely to be between USD 200 and USD 300 million, sources said. With the acquisition, Infy can look forward to assured revenues of USD 300 million, sources added.
The acquisition will add to finance and accounts verticals. The acquisition will enhance the company's European capabilities.(Source: Money Control)