Sitel Group Acquires Sykes Enterprises for Approximately $2.2 Billion
June 18, 2021
Sitel Group has agreed to acquire all outstanding shares of Sykes Enterprises, Inc. in an all-cash transaction valued at approximately $2.2 billion, bringing the combined company to roughly 155,000–160,000 employees and expanding Sitel's global CX scale and digital capabilities. The deal, announced June 18, 2021 and completed Sept. 2, 2021, will delist SYKES from Nasdaq and position the enlarged Sitel Group as a top global customer experience provider with enhanced RPA, digital and multichannel services.
- Buyers
- Sitel Group
- Targets
- Sykes Enterprises, Incorporated
- Sellers
- Sykes Enterprises shareholders
- Industry
- Professional Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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