TeamLease to enter telecom staffing, acquire Evolve Tech
16 Oct 2017 11:21 PM IST
New Delhi: Recruitment firm TeamLease Services on Monday said it will acquire Pune-based Evolve Technologies, a move that will enable it to enter telecom staffing space.
TeamLease Services and Evolve Technologies have signed a definitive agreement under which TeamLease will acquire 100 per cent stake in Evolve through its wholly owned subsidiary, TeamLease Staffing Services.
The company did not disclose the financial details of the deal. "The transaction, which will be immediately accretive to TeamLease s earnings per share, will be financed through existing financial resources," a company release said.
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