British outsourcing firm Xchanging has said it had bought three insurance businesses in Australia and India from its already part-owned global processing company Cambridge Solutions for $71.7 million.

Xchanging said the deals to acquire Cambridge's Australian workers' compensation business, Cambridge Integrated Services Victoria, and its Indian business process outsourcing firm would give it full ownership of Cambridge's major assets.

The businesses are currently 100 percent owned by Cambridge, which is in turn 76 percent owned by Xchanging.