The Capita Group Plc has today agreed to acquire the private sector division of Vertex (`Vertex Private Sector') for a cash consideration of £40.5m on a cash free, debt free basis.
Vertex Private Sector is a contact centre focused outsourcing business, which is particularly strong in the retail, utilities and telecommunications markets.
Its customers include Marks & Spencer, The National Trust and Scottish Power.
The division made a pro forma operating profit for its financial year to 31 March 2011 of £4.6m on turnover of £48.8m.
Paul Pindar, Capita Chief Executive, said: “This acquisition will bring new expertise and capabilities that will not only strengthen our existing proposition, but will also open up new market opportunities in the private sector.”