Adcorp to buy Australian IT company

JOHANNESBURG Wed Dec 12, 2012 4:14pm IST

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JOHANNESBURG (Reuters) - South African employment agency Adorp (ADRJ.J) said on Wednesday it had bought Australian IT provider Paxus from Computer Sciences Corporation (CSC.N) for almost 545 million rand ($63 million) in cash.

Adcorp said the acquisition would diversify its earnings and geographic spread.

(Reporting by Ed Stoddard)