PARIS, May 18th, 2018 – Global leading BPO and customer experience company Webhelp has confirmed the acquisition of the majority of the share capital of top multilingual nearshore firm Runway BPO has been completed.
Runway, which is headquartered in Riga – Latvia, brings an additional nine multilingual centres and 1,000 people across Latvia and new countries for Webhelp; Estonia, Lithuania, the Ukraine and Spain to the Group, as well as additional expertise in not just sectors such as travel and consumer goods but also activities such as accounting, IT, and HR outsourcing, complementing Webhelp’s existing portfolio perfectly.
Runway celebrates its 15-year anniversary this year and has enjoyed strong growth under the leadership of its founder Nils Sundling and CEO Uldis Prieditis. The team responsible for the company’s success will remain in place to ensure the expertise, contacts and local knowledge are maintained and harnessed to maximise the opportunities for development in the Nordic region and across Europe.
“Ever since Runway was established, 15 years ago, we have been driven by the ambition to become a well-known and reputable partner in the Scandinavian BPO market with a strong focus on excellent CRM experience, particularly in terms of quality delivered and tailor-made solutions provided. Our efforts have resulted in long-lasting partnerships with our clients, many of which we’ve been with for more than 10 years now and an amazing team of more than 1,000 great people working for our clients each day. Our ambition is now to expand internationally as well. With this focus a change in ownership to the Webhelp Group is a perfect fit for the company, its clients and employees. The increased growth opportunities will help support employment and the best practice sharing with our sister companies within the international group will help us to bring Runway to an even higher level.”
“Runway is an excellent business with a strong track record of delivering first-class customer experience on behalf of Scandinavian and international clients. We are very excited about joining forces with the company, its management team and employees, to expand Webhelp’s global footprint and support the company in the Scandinavian market with the resources available from our group organisation and investors.
This acquisition is part of Webhelp's strategy to actively pursue geographical expansion as well as reinforce its sectorial expertise, and will allow Webhelp to offer its clients services from four new countries, each with strong multilingual capabilities.
The past 2 years have been very significant in the history of Webhelp. Major new client wins, strategic acquisitions, and the commitment from global investment firm KKR, have marked a real turning point in the Webhelp story, which is now truly one of the leaders in the BPO sector.
For more information, or to arrange an interview, please contact
Kristaps Kaive (firstname.lastname@example.org; +371 67 224 437)
Webhelp is a global business process outsourcer (BPO), specialising in customer experience and payment management in addition to sales and marketing services across voice, social and digital channels.
From more than 110 sites in 33 countries with an approximately 40,000-strong team, our focus is on engineering performance improvements and delivering a real and lasting transformation in our clients’ operating models to generate financial advantage. We partner with some of the world’s most progressive brands including Sky, Shop Direct, Bouygues, Direct Energie, KPN, Vodafone, La Redoute, Michael Kors and Valentino.
Headquartered in Paris, France, the company has grown its revenues by more than 250% in the last 4 years by investing in its people, the environment they work in and developing its analytical and operating capability to deliver a transformational outsourcing proposition that addresses the challenges of an omni-channel world.
Webhelp is owned by its management and KKR, a leading global investment firm, as of March 2016.
More information can be found at www.webhelp.com
Founded in 2003 by Nils Sundling, Runway has become the ideal nearshoring partner for Scandinavian and other European businesses looking for outsourcing services. Runway BPO is an all-included BPO service company, capable of providing various outsourcing services that are individually designed for each client's specific needs and requirements. Currently Runway serves its client with over 1000 people from 9 locations in 5 countries – Latvia, Lithuania, Estonia, Ukraine, and Spain.
More information can be found at runway.webhelp.com
Avendus Capital acted as exclusive financial advisors to Runway, while Webhelp was advised by its legal and financial team at DLA Piper, Jeremy Scemama, Elise Aubert, and Julien Berger.