UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
WNS (Holdings) Limited |
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(Translation of registrants name into English) | ||||
Jersey, Channel Islands | ||||
(Jurisdiction of incorporation or organization) | ||||
Gate 4, Godrej & Boyce Complex Pirojshanagar, Vikhroli (W) Mumbai 400 079, India +91-22-6797-6100 |
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(Address of principal executive office) |
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ] | ||||
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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No | ||||
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Other Events On June 21, 2012, WNS (Holdings) Limited issued a press release regarding its acquisition of Fusion outsourcing services in South Africa. A copy of the press release dated June 21, 2012 is attached hereto as Exhibit 99.1. Exhibit 99.1 Press release of WNS (Holdings) Limited dated June 21, 2012.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
WNS (Holdings) Limited | ||
Date: June 21, 2012 | By: |
/s/ Alok Misra |
Name: | Alok Misra | |
Title: | Group Chief Financial Officer | |
Exhibit No. | Description | |
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99.1 | Press release dated June 21, 2012 | |
Exhibit 99.1
WNS Acquires Fusion Outsourcing Services in South Africa
Expanded Global Capability Enhances Growth Opportunities
NEW YORK, NY and MUMBAI, INDIA, June 21, 2012 WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process solutions, today announced that it has acquired Fusion Outsourcing Services (Pty) Ltd., a leading BPO provider based in South Africa. Fusion provides a range of outsourcing services including contact center, customer care and business continuity services to both South African and international clients. With operations in Cape Town and Johannesburg, Fusion currently employs approximately 1,500 people. WNS recently collaborated with Fusion to service one of WNSs largest UK-based clients with premium voice services.
WNSs CEO, Keshav Murugesh, stated The acquisition of an established player like Fusion brings a new and highly leveragable asset to WNS. Expanding our global delivery footprint and entering emerging growth markets are key pillars of our investment strategy. We believe that establishing operations in South Africa addresses both of these objectives. WNS currently has several existing and prospective clients interested in having services delivered from South Africa to take advantage of the English language capabilities, skilled talent pool and strong cultural work ethic. Longer term, we view this growing economy as an exciting end-market user of global BPO services, especially in the areas of finance and accounting and insurance-specific services. We are pleased to welcome the Fusion team into the WNS family, and look forward to working together to take the company to greater heights.
We are thrilled to become a part of a vibrant and growing global organization like WNS, said Johann Kunz, Fusions Managing Director. We are proud of the solid foundation and reputation we have been able to build, and look forward to becoming an integral part of WNSs global strategy going forward.
The acquisition of the shares of Fusion from BFSL Limited, part of UK-based BGL Group of companies, is effective June 21, 2012, and cash consideration for the transaction was UK£10 million plus adjustments for cash and working capital. The transaction is expected to be funded from cash on hand, with approximately half of the consideration paid at completion and the remainder payable in tranches on or before May 31, 2013. Based on Fusions existing book of business, the acquisition is expected to contribute incremental revenue of $9 million $10 million for WNS in fiscal 2013. WNS expects the transaction to be neutral to adjusted earnings1 per share in fiscal 2013, and accretive in fiscal 2014.
About WNS
WNS (Holdings) Limited (NYSE: WNS), is a leading global business process outsourcing company. WNS
offers business value to 200+ global clients by combining operational excellence with deep domain
expertise in key industry verticals including Travel, Insurance, Banking and Financial Services,
Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics and Healthcare and
Utilities. WNS delivers an entire spectrum of business process outsourcing services such as finance
and accounting, customer care, technology solutions, research and analytics and industry specific
back office and front office processes. After the acquisition of Fusion, WNS has over 26,000
professionals across 28 delivery centers worldwide including Costa Rica, India, Philippines,
Romania, South Africa, Sri Lanka, United Kingdom and the United States. For more information, visit
www.wns.com.
Safe Harbor Provision
This document includes information which may constitute forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of
which are necessarily subject to risks, uncertainties, and assumptions as to future events. These
statements include, among others, growth opportunities from the expanded global capability, the
demand for global BPO services in South Africa and Fusions expected results of operations and
their expected impact on WNSs results of operations. Factors that could cause actual results to
differ materially from those expressed or implied include Fusions volume of business, our ability
to successfully integrate Fusions business operations with ours; our ability to successfully
leverage Fusions assets to grow our revenue, expand our service offerings and market share and
achieve accretive benefits from our acquisition of Fusion; worldwide economic and business
conditions; political or economic instability in jurisdictions where we have operations; and other
factors discussed in our most recent Form 20-F and other filings with the Securities and Exchange
Commission. WNS undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
References to UK£ refer to the British Pound Sterling, the legal currency of Britain. References
to GAAP refers to International
Financial Reporting Standards, as issued by the International Accounting Standards Board.
CONTACT:
Investors:
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Media: | |
David Mackey SVP-Finance & Head of Investor Relations WNS (Holdings) Limited +1 201 942 6261 ir@wns.com |
Sumi Gupta Public Relations WNS (Holdings) Limited +91 (22) 4095 2263 sumi.gupta@wns.com; pr@wns.com |
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1 | Adjusted earnings is a non-GAAP measure and refers to our profit excluding amortization of intangible assets and share-based compensation expense. |