TeamLease Services, one of India’s largest staffing companies, has signed a definitive agreement to acquire ASAP Info Systems. Under this definitive agreement, TeamLease will acquire ASAP Info Systems for an Enterprise Value of Rs 67 crore through its wholly owned subsidiary, TeamLease Staffing Services. The transaction, which will be immediately accretive to TeamLease’s earnings per share, will be financed with existing financial resources and is expected to close before the end of August 2016. The transaction remains subject to customary closing conditions and regulatory approvals.
TeamLease Services is one of India’s leading providers of human resource services in the organized segment delivering a broad range of human resource services to various industries with a vision of putting India to work.
