Tuesday, May 25, 2010

ACS Buys ExcellerateHRO

Dallas-based Affiliated Computer Services, which is a unit of Xerox, said today that it is in a definitive agreement to acquire ExcellerateHRO, LLP, a provider of global benefits administration and relocation services. ExcellerateHRO was owned by Hewlett-Packard. Financial terms of the deal were not disclosed. ACS said that the purchase of EHRO will make it one of the world's largest pension administrators. ACS said the transaction will be its first acquisition since its own acquisition by Xerox in February.