Capita in £128m double takeover

first_img whatsapp John Dunne Tags: NULL Thursday 23 December 2010 7:19 am Show Comments ▼ Capita has bought two firms which specialise in public sector work for £128.5m.The outsourcing contractor, which is hoping to benefit from a deal bonanza as local councils farm out work to save money, spent £86m on SunGard Public Sector, which supplies IT, radio networking services and communication systems to the NHS, police forces and the Highways Agency.Capita also spent another £42.5m on BSI Holdings, a hotel booking and meetings management agency whose clients include the Crown Prosecution Service, Marks & Spencer and easyJet.Paul Pindar, Capita’s chief executive, is hoping the acquisitions will enable the company to pick up public sector work in the wake of Sir Philip Green’s efficiency review which said Whitehall departments could save billions on areas such as travel.Pindar said: “With central Government looking to drive down travel and subsistence costs for public sector workers significantly, we will be in a strong position to help achieve these aims both in terms of greater overall efficiency and reduced unit costs.“Given the cuts in funding which the sector faces next year, one which provides real opportunities for the group to add value.” center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Capita in £128m double takeover last_img read more