Biznextindia: India IT services major Infosys on Wednesday said that its wholly owned subsidiary Infosys Consulting Pte. Ltd has acquired 100% of the share capital of Singapore Telecommunications Limited’s (Singtel) delivery center in Malaysia – Global Enterprise International Malaysia Sdn. Bhd (GEIM) for an all cash consideration of 6 million Singapore Dollar (USD 4.4 million). The acquision is likely to complete in the current month.
The acquisition is expected to bolster Infosys’ presence in Malaysia, a strategic delivery and sales hub in South East Asia for global clients. This move also aligns with Infosys’ long-term strategy for Communications, Media, and Technology (CMT) vertical including platform led transformation of Customer and Service Experience for clients.
Incorporated in 2013, Global Enterprise International Malaysia Sdn. Bhd. (GEIM) is a step-down subsidiary of Singtel and is based in Kuala Lumpur, Malaysia. It acts as a delivery center to provide customer experience and technology services to Singtel. In the 2020-21 financial year the company had reported revenue of 67.4 million MYR ( Malaysian Ringgit).