WNS Completes Value Edge Research Services Acquisition
June 14 2016 - 8:00AM
Business Wire
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of
global Business Process Management (BPM) services, today announced
it has completed the acquisition of Value Edge Research Services
Pvt. Ltd. after receiving approval from the Reserve Bank of India
(RBI). Cash consideration for the transaction is $17.5 million
(plus adjustments for cash and working capital), which is expected
to be funded with cash on hand. The acquisition is expected to be
accretive to earnings in fiscal 2017. WNS entered into a definitive
agreement on March 11, 2016 to acquire Value Edge, a leading
provider of commercial research and analytics services to clients
in the Pharma / Biopharma industry.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading global business
process management company. WNS offers business value to 200+
global clients by combining operational excellence with deep domain
expertise in key industry verticals including Travel, Insurance,
Banking and Financial Services, Manufacturing, Retail and Consumer
Packaged Goods, Shipping and Logistics, Healthcare and Utilities.
WNS delivers an entire spectrum of business process management
services such as finance and accounting, customer care, technology
solutions, research and analytics and industry specific back office
and front office processes. As of March 31, 2016, WNS had 32,388
professionals across 40 delivery centers worldwide including China,
Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri
Lanka, United Kingdom and the United States. For more information,
visit www.wns.com.
Forward-Looking
Statements
This report contains forward-looking statements, as defined in
the safe harbor provisions of the US Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
our current expectations and assumptions about Value Edge, our
Company and our industry. Generally, these forward-looking
statements may be identified by the use of terminology such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,”
“seek,” “should” and similar expressions. These statements include,
among other things, the discussions of the completion of our
acquisition of Value Edge, the timing of the completion of our
acquisition of Value Edge, and the expected benefits of our
acquisition of Value Edge, our growth opportunities, industry
environment, expectations concerning our future financial
performance and growth potential. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by
such statements. Such risks and uncertainties include but are not
limited to worldwide economic and business conditions; political or
economic instability in the jurisdictions where we have operations;
regulatory, legislative and judicial developments; our ability to
attract and retain clients; technological innovation;
telecommunications or technology disruptions; future regulatory
actions and conditions in our operating areas; our dependence on a
limited number of clients in a limited number of industries; our
ability to expand our business or effectively manage growth; our
ability to hire and retain enough sufficiently trained employees to
support our operations; negative public reaction in the US or the
UK to offshore outsourcing; the effects of our different pricing
strategies or those of our competitors; and increasing competition
in the BPM industry. These and other factors are more fully
discussed in our most recent annual report on Form 20-F and
subsequent reports on Form 6-K filed with or furnished to the US
Securities and Exchange Commission (SEC) which are available at
www.sec.gov. We caution you not to place undue reliance on any
forward-looking statements. Except as required by law, we do not
undertake to update any forward-looking statements to reflect
future events or circumstances.
References to “$” and “USD” refer to the United States dollars,
the legal currency of the United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20160614005582/en/
WNS (Holdings) LimitedInvestors:David MackeyCorporate SVP
– Finance & Head of Investor Relations+1 (201)
942-6261david.mackey@wns.comorMedia:Archana RaghuramHead –
Corporate Communications+91 (22) 4095 2397archana.raghuram@wns.com;
pr@wns.com
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