The Capita Group Plc (Capita) announced Friday that it has acquired BSI Holdings Limited (BSI) for a consideration of £42.5 million on a cash-free, debt-free basis. BSI is a hotel booking and meetings management agency with clients in both the public and private sector.
The acquisition will more than double the size of the wider Capita Group's existing operations in the business travel market and add significant new accommodation and meetings management capabilities, particularly in terms of hotel and conference room services, said the firm in a media release.
BSI's current clients include Marks and Spencer, Easyjet and the Crown Prosecution Service. BSI made a pro forma operating profit for its financial year to 30 June 2010 of £3.9 million on turnover of £12.3 million. Paul Pindar, Chief Executive of The Capita Group Plc commented that the acquisition will make Capita's business travel offering one of the top five, by size, in the UK business travel market.
Post acquisition the combined businesses will be able to offer a unique and end-to-end travel proposition to the firm’s current and future clients, he said. In particular, with central government looking to significantly drive down travel and subsistence costs for public sector workers, the firm will be in a strong position to help achieve these aims both in terms of greater overall efficiency and reduced unit costs, added Pindar. BSI has around 300 employees, mainly in Taunton, London, Nottingham and Cheadle.
Other than that, the Capita Group Plc as well announced that it has acquired SunGard Public Sector Holdings Ltd for a consideration of £86 million on a cash-free, debt-free basis. SPS UK, a UK business of US-headquartered SunGard Data Systems Inc., is a supplier of ICT, radio network services and communication systems to the emergency services and to central and local government.
The acquisition brings new market opportunities to the wider Capita Group, particularly in the area of ICT solutions and outsourced services to fire, police and ambulance authorities, while also complementing Capita's existing services for the public sector. SPS UK's largest clients include police forces and police administrative bodies, local authorities, the Highways Agency and Airwave Solutions.
The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 36,000 people at more than 300 sites, including 59 business centers across the UK, Ireland, the Channel Islands and India, the Group uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value.
24 Dec 2010.