Staffing provider the Kelly Group has acquired iChoices for a maximum of R110 million.
The call centre outsourcing business operates primarily in Johannesburg and Cape Town.
In a notice to shareholders yesterday afternoon, Kelly CE Grenville Wilson said the acquisition was in line with its strategy to expand into the high-growth business process outsourcing sector.
"Kelly already supplies staffing for call centres and, through iChoices, will now also offer call centre infrastructure and facilities, thus providing the market with a one-stop service," he said.
Kelly says the final cost of the purchase will be calculated once iChoices` audited results for the year ended 31 December are available.
The price may be adjusted if iChoices does not reach profit warranties for the years 2008 to 2010. The cost will be settled in a mix of cash and shares.
The Kelly Group is due to release its annual results on 22 November.
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