India – TeamLease acquires Keystone Business Solutions

Filed under: News |

By (Danny Romero)

Indian staffing firm TeamLease Services has signed a definitive agreement to acquire 100% shares in Keystone Business Solutions Private Limited through its wholly owned subsidiary, TeamLease Staffing Services Private Limited, for a consideration of INR 82 million (USD 1.2 million) payable in cash.

With the agreement to acquire Keystone, TeamLease continues its acquisition spree as it seeks to strengthen its IT staffing business. The acquisition is expected to be completed on or before 31 January 2017.

Keystone Business Solutions Private Limited was incorporated in June 2009 and offers IT staffing solutions. It operates through its registered office situated in Bangalore, India.

Source:: Staffing Industry Analysts Daily Newsfeed


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