Genpact Ltd., a business services outsourcer, on Monday said it purchased a delivery center in Guatemala City from GE Money, marking its first acquisition in Guatemala.
Terms of the deal were not disclosed.
The deal with the subsidiary of General Electric Co. will extend Genpact’s Latin American presence beyond Mexico and improve its ability to provide business process services in English and Spanish.
The delivery center in Guatemala City will initially accommodate more than 700 professionals and has the capacity to grow to about 2,000. Its close proximity to the region’s largest public university is an advantage in attracting talent, Genpact said.
Genpact operates service delivery centers in China, Hungary, India, Mexico, the Netherlands, the Philippines, Romania, Spain and the United States.
It began as the India-based business process services operation for GE Capital in 1997.