Salmat has sold its Business Process Outsourcing (BPO) division to Fujifilm for $375 million.
The omni-channel communications partner believes the divestment simplifies and focuses the company’s group strategy around its goal of assisting clients to maximise their returns.
The two companies have entered into a transitional services agreement has agreement for a period of up to 18 months.
“This is a great result for Salmat and the BPO division, which would not have been possible without strong profit growth recorded as a result of the successful implementation of strategic initiatives and cost disciplines put in place by our team,” Grant Harrod, Salmat CEO, said.
“Successful strategy execution, coupled with targeted investment in recent years, has paid dividends and underpins the excellent outcome for shareholders.”
Salmat’s financial results for the 2012 full year recorded group revenue of $823.4 million while underlying EBITA of $80.6 million.