A provider of business outsourcing services, iQor announced on April 1, 2014, that it had finalized the acquisition of the Aftermarket Services of Jabil Circuit, Inc. Through the acquisition, iQor seeks to position itself as a leading global firm in a $40 billion market focused on customer relationships and product support.
Jabil Aftermarket Services provides clients across a range of industries such as retailers and electronics makers with customized aftermarket solutions. The deal integrates Jabil Aftermarket Services’ experience in product support with iQor’s emphasis on customer support to form a distinctive organization that meets the needs and expectations of customers.
Jabil Aftermarket Services will become a separate business division of iQor, operating as iQor Aftermarket Services. The merged company will have over 32,000 employees and approximately $1.5 billion in revenue. In addition, the firm will operate in 17 countries.
iQor CEO Hartmut Liebel, who was formerly served as the CEO of Jabil Aftermarket Services, said, “We are excited to welcome the more than 13,000 Aftermarket Services employees to iQor.”