December 12, 2012 / 10:49 AM / 5 years ago

Adcorp to buy Australian IT company

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

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