Firstsource Solutions’ wholly owned subsidiary -- Firstsource Solutions UK (FSL UK) has executed a share purchase agreement (SPA) with the Shareholders of Ascensos, UK (Ascensos) for acquisition of 100% ownership in Ascensos for a consideration of GBP 42 million, including upfront payment & earnouts and subject to terms set out in the SPA.
Upon completion of the transaction, Ascensos will become a subsidiary of FSL UK and in turn a step- down subsidiary of the Company.
Firstsource Solutions is a global provider of business process management services.
