Mergers and Acquistions News
Categories: BPO
October 6th 2008, 16:37PM
Japanese company Nomura is to acquire three Indian-based business process outsourcing (BPO) firms, which used to be part of the Lehman Brothers investment bank, it has been reported.
Nomura took over much of Lehman's operations in Europe and Asia last month after the financial giant went bankrupt, but the Indian BPO branches were attached to the US-side of the conglomerate, which were picked up by Barclays in the UK, according to Finextra.com.
Commenting on what the acquisition will do for Nomura, chief executive Kenichi Watanabe remarked: "It will allow us to significantly enhance our global service platform to support the business expansion that the combined talents of Nomura and Lehman will drive going forward."
Details of the transaction have not been revealed, but the three companies feature approximately 3,000 members of staff, almost 50 per cent of whom are IT professionals.
Nomura is based in Japan, but has offices around the world, including in New York and London.
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