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Capita to acquire Vertex Private Sector

21 Sep 2011 12:00 AM | Anonymous

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.”

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