Aegis Ltd., the global IT services outsourcing arm of the Essar Group, has acquired South Africa-based outsourcing firm CCN Group PTY Ltd to expand its presence in the African country.

Sources reported that, the company will invest $60 million in the next three years in South Africa.

However, the company declined to comment on the deal size.

Apart from latest development, Aegis plans to hire 4,000 people for the entity in next three years, which is a step towards its commitment to creating 5,000 jobs in South Africa over a period of time.

The company officials believe that CCN is a strategic fit for Aegis and South Africa is an integral part of its growth strategy.