One Point shares jump over 4% after company acquires Netcom Business Contact Center entities in Costa Rica and Colombiafor USD 33.37 million

Shares of One Point One Solutions rose over 4% in early trade after the company informed stock exchanges about an overseas acquisition through its wholly owned subsidiary, One Point One MENA Holdings Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In its filing, the company said that One Point One MENA Holdings Limited has executed a Purchase and Sale Agreement to acquire 100% shareholding in Netcom Business Contact Center S.A., Costa Rica, and Netcom BCC Colombia S.A.S., Colombia. Both entities operate in the Information Technology Enabled Services (ITES) segment and are engaged in Business Process Outsourcing (BPO) and contact centre services.

The target companies provide a range of services including customer support, technical helpdesk, sales support, back-office processing and digital signature support. Their client base spans regulated sectors such as banking, telecommunications, insurance and government, according to the disclosure.

The agreement has been entered into with the sellers, which include Network Communication S.A., certain individual shareholders and Panama-based investment entities. The company clarified that the transaction does not qualify as a related party transaction, as neither the promoters nor promoter group entities of One Point One Solutions have any interest in the acquired companies.

As per the company, the acquisition is aimed at expanding its geographic presence in Latin America by leveraging an existing operating platform across Costa Rica, Colombia and Panama. The transaction structure includes a combination of upfront and deferred payments, with part of the consideration linked to post-closing performance.

The total transaction value for acquiring full ownership of the two entities is USD 33.37 million. This comprises an upfront cash payment of USD 25.41 million and an estimated earn-out of USD 8.25 million, subject to adjustments based on EBITDA performance and excess working capital. Additional transaction-related expenses are estimated at around USD 1 million. The entire consideration will be paid in cash.

Financially, the two Netcom entities reported a combined turnover of USD 19.84 million in 2022, USD 24.18 million in 2023 and USD 25.35 million in 2024. The company has stated that the acquisition is expected to strengthen its international footprint while adding scale to its ITES and contact centre operations.