Capita acquires SunGard Public Sector Ltd

Thursday 23 December 2010

Capita acquires SunGard Public Sector Ltd

The Capita Group Plc announces today that it has acquired SunGard Public Sector Holdings Ltd.

The Capita Group Plc (`Capita') announces today that it has acquired SunGard Public Sector Holdings Ltd (`SPS UK') 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.

SPS UK made an operating profit for its financial year to 31 December 2009 of £11.7 million on turnover of £110.6 million.

Commenting on the deal, Paul Pindar, Chief Executive of The Capita Group Plc said: 'This acquisition takes us into the business of supplying secure information systems to police forces and ambulance trusts, introducing new customers and opening up new markets for the wider Capita Group. This is a key new area for Capita and, given the cuts in funding which the sector faces next year, one which provides real opportunities for the Group to add value.

'Like many of our acquisitions, this will also complement our current business process outsourcing and ICT services to the public sector and allow us to offer a broader range of solutions to existing clients and markets.'

SPS UK, which will be known as Capita Secure Information Systems, has around 950 employees, mainly in Chippenham, Gloucester and London.

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