Telepeformance: on the up with Concentrix and Webhelp
(CercleFinance.com) - Teleperformance shares are up on Thursday morning, boosted by the announcement of the merger between its rivals Concentrix and Webhelp.
Webhelp and Concentrix last night announced that they had reached an agreement to merge, with the aim of creating a global player in customer experience (CX).
While the deal would create another sector giant, akin to Teleperformance, it could be quite beneficial to the French group, analysts say.
In the near term, the integration of Webhelp (probably in 2024) could distract Concentrix, enabling Teleperformance to continue its organic outperformance, RBC analysts commented.
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Webhelp and Concentrix last night announced that they had reached an agreement to merge, with the aim of creating a global player in customer experience (CX).
While the deal would create another sector giant, akin to Teleperformance, it could be quite beneficial to the French group, analysts say.
In the near term, the integration of Webhelp (probably in 2024) could distract Concentrix, enabling Teleperformance to continue its organic outperformance, RBC analysts commented.
Copyright (c) 2023 CercleFinance.com. All rights reserved.