BPO firm EXL today said it has acquired the back office centre of American Express Business Travel (AEBT) for $30 million (Rs 140 crore).

Also Read   Related Stories News Now - EXL Q3 net profit at $4 mn; reaffirms outlook - WNS takeover talks run into valuation hurdle - WNS says no to bidders; not to pursue further discussions - BPOs strategise to avoid single-client dependence - Pune's IT, BPO cos see 20% fall in attendance - Firstsource turns around, posts Q1 net of Rs 38 cr   Also Read   Related Stories News Now - Sensex makes remarkable recovery, regains 17K - Bharati to go by Sebi norms on Great Offshore offer - Galleon exits Edelweiss; sells 7% stake for Rs 255.54 cr - Suzlon Energy's three promoters pledge 2.8 cr shares - Draw export strategy of $300 bn: Assocham to govt More

"The acquisition of American Express' Global Travel Service Center operations in Gurgaon will be about $30 million net of working capital adjustments at closing," EXL President and CEO Rohit Kapoor said in a statement.

The deal will help expand EXL's capabilities in analytics, exception processing and transaction processing, it added.

The transaction, expected to close in the first quarter of next year, will help add a management team and a delivery center to EXL.

EXL has also entered into an eight-year agreement to service the back-office operations of American Express Business Travel (AEBT).

"EXL will provide business process services to AEBT. We estimate achieving more than $160 million in revenues over the life of the contract," Kapoor said.

Other Stories      - Sensex makes remarkable recovery, regains 17K - Bharati to go by Sebi norms on Great Offshore offer - Galleon exits Edelweiss; sells 7% stake for Rs 255.54 cr - Suzlon Energy's three promoters pledge 2.8 cr shares - Draw export strategy of $300 bn: Assocham to govt More

Tags : EXL | BPO firm | American Express   Read Business news in  Advertisements   Get financial advisory and solutions for your projects   Holidays starting at a delightful EMI of Rs 3481   Switch on and say hello to Monday morning !   Your dream home can now be a reality.   Visit Fortis for a preventive health check-up & get a 20% discount.   Follow the ups and downs of your investments. Try our new Portfolio Tracker   Kolkata Dock \ Freight contract for the British Gurkhas Nepal   Find how Midsize Businesses use ERP to gain competitive advantage   Trading in Forex is now as easy as 1-2-3   Discover an economical and cost effective way to market your products and services   Giftwithlove.com: Same day delivery of Flowers and Cakes to India   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM