Friday, January 9, 2015

Alorica Acquires West Corporation for $275M

Employees of West Contact Services in the Philippines will have a new employer after its parent company West Corporation  said it agreed to sell several of West's agent services businesses to Alorica Inc. for about $275 million in cash.

Source: Alorica FB Page
According to Tom Barker Chairman and CEO of West Communications "The divestiture is consistent with the Company's stated objective of focusing on higher growth, more profitable assets,

Barker continued: "The proceeds from this sale will provide West with additional opportunities to make the Company more valuable, including reinvesting in our growth businesses, reducing our debt or making strategic acquisitions."

The acquisition will affect around 5,400 employees of West Contact Services in the Philippines as they move to Alorica in the coming months.

The acquisition adds new businesses to Alorica’s portfolio, including healthcare, utilities and government, while strengthening its core business such as communications, retail, travel, financial services and consumer products.

West was one of the Pioneers and successful player in the BPO Market in the Philippines it is located at Exportbank Plaza, 24/F Chino Roces cor. Gil Puyat, 1200 Makati.

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