New Delhi: NIIT Technologies on Tuesday has signed an agreement to acquire Sabre Holdings’ Philippines Development Centre in Manila to provide business process outsourcing services to Sabre and its other customers in the region.
However, the companies did not share the deal size.
Sabre is a global technology company providing solutions for the travel industry and also a key customer of NIIT Technologies. The centre has a capacity of 200 seats with opportunity for expansion, NIIT Technologies said.
“The acquisition fits well with our strategy of ‘Focus and Differentiate’ and enhances our global delivery footprint,” Arvind Thakur, Chief Executive Officer, NIIT Technologies, said.
The company continues to strengthen its position towards becoming a significant IT services player in the global Travel and Transport markets, he said.
“We believe this move helps further strengthen our established relationship with NIIT Technologies and positions Sabre for greater growth within Asia Pacific,” Barry Vandevier, Chief Information Officer, Sabre, said.
NIIT Technologies’ shares were trading at Rs 286.80 around 2.30PM on Tuesday, up 1.09 per cent from the previous close.
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