Salmat has sold its business process outsourcing arm to Fujifilm Holdings for $375 million.
The sale comes after several months of speculation over a mystery suitor, which Salmat said was circling the outsourcing division back in May.
Analysts at the time considered Australia Post to be the likely buyer.
Salmat's outsourcing services included: document scanning, archival and management; data capture; an encrypted email delivery service; and accounts payable.
The company said in a statement that a "transitional services agreement" would run for up to 18 months to ensure continuity of service.
"We have taken the business a long way in recent years, but we also recognise the next stage of BPO's development is better suited to an owner with global reach and broader outsourcing ambition," Salmat CEO Grant Harrod said.
The divestment is expected to be completed by mid-October, subject to approval by the Foreign Investment Review Board.
Copyright © iTnews.com.au . All rights reserved.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can start posting.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain @itnews.com.au to your white-listed senders.