NEW YORK, July 10, 2018 /PRNewswire/ -- Omnicom Group (NYSE: OMC) has recently entered into a definitive agreement to divest Sellbytel Group to Webhelp Group, a global business process outsourcer (BPO). The transaction is subject to regulatory approval and is expected to close in the third quarter of 2018. The sale is the result of Omnicom's continuing evaluation of its portfolio of businesses and is consistent with its strategic plan and investment priorities.
Sellbytel is a provider of outsourced sales, service and support with operations in Spain, Germany, Portugal, Puerto Rico and Malaysia. It has been part of Omnicom since 1994.
Commenting on the disposition, John Wren, Omnicom's Chairman & CEO said, "I want to thank the management and people of Sellbytel for their years of commitment to Omnicom and wish them continued success within their new organization."
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SOURCE Omnicom Group