Fujifilm Holdings Corp announced Monday that it signed a definitive agreement with Australia’s largest business service provider Salmat Ltd to acquire Salmat’s Business Process Outsourcing (BPO) division. The acquisition, worth A$375 million, covers all the shares of Salmat Document Management Solutions Pty Ltd, Salmat’s wholly-owned subsidiary, SDMS’s 11 subsidiaries as well as Salmat Asia Limited, SDMS’s Asian business unit.
BPO refers to the outsourcing of specific operations of corporate activities, including planning, designing and administration, to a dedicated contractor. The low-cost and high-quality aspect of the service has prompted an increasing number of corporations using BPO, which streamlines and enhances the quality of their work processes. It is predicted that the BPO market will grow by an average of 5 to 7% per annum worldwide.
SDMS, its subsidiaries and SAL, subject to full acquisition by Fujifilm Holdings, handle the BPO business, one of Salmat’s main business operations. The BPO business includes printing/delivering important postal matters including electricity/gas/water/communications invoices and bank account statements to end users, digitalizing and automatic processing of corporate clients’ invoicing work to reduce costs, delivering information by email, as well as compiling a database of scanned paper documents and their management/storage.© Business Wire