TTEC to acquire Faneuil public sector citizen experience assets for $140M cash

TTEC Holdings, Inc.

TTEC subsidiary to acquire Faneuil's public sector and citizen experience contracts for $140M cash plus contingent payments.
Assets cover transportation infrastructure and healthcare exchange industries; ~$19B TAM cited.
Transaction expected to close Q1 2022, subject to HSR clearance and client consents.
Faneuil CEO Anna Van Buren and her team will join TTEC to run the acquired platform.
Approximately $15M of cash consideration will be held in escrow for indemnification.

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