Information  X 
Enter a valid email address

Capita Group PLC (CPI)

  Print      Mail a friend       Annual reports

Monday 18 March, 2002

Capita Group PLC

Acquisition

Capita Group PLC
18 March 2002

18 March 2002



                              THE CAPITA GROUP PLC

              Capita expands its social care resourcing capability

            Acquisition of Resource Management Ltd for £7.1 million

The Capita Group Plc ('Capita') has acquired the entire share capital of
Resource Management Ltd ('Resource Management'), a market leader in the
provision of qualified and specialist social workers, for a consideration of
£7.1 million to be satisfied in cash.

Resource Management focuses on the Greater London and Home Counties area
providing highly specialised and experienced social workers to a range of local
and central government bodies and private sector clients.  Established in 1989,
the business has long term relationships with many of its clients and has
achieved sole and preferred provider status with many of them.  The business
reported pre tax profits of £0.5 million (after departing vendor's costs of £0.3
million) on revenues of £5.5 million and assets of  £860,000 in the statutory
accounts for the year to 31 March 2001.

In recent years, Capita has identified a number of niche resourcing markets that
have significant growth potential and has acquired and built up capability in
these areas.  These are public sector recruitment, supply teaching and
specialist social services and care support.  Capita first entered the social
work and social care resourcing market in April 2000 with the acquisition of
Social Housing Group Ltd.  Since then, the business has demonstrated very strong
growth.  Resource Management will be integrated into this existing national
Capita operation, strengthening Capita's capability in the Greater London area
and providing additional specialist resources for further national growth.

Rod Aldridge, Executive Chairman of the Capita Group Plc, commented:

'I am pleased to welcome the skilled consultants from Resource Management to the
Group.  They have built up a superb client base and a loyal, specialist
candidate group that complements our existing business in this area.  We already
have a strong position in this market and believe that by expanding our activity
through this acquisition, it will contribute strongly alongside our other niche
resourcing businesses.'

                                     -Ends-

For further information, please contact:

The Capita Group Plc                                              020 7799 1525
Rod Aldridge, Executive Chairman
Paul Pindar, Chief Executive
Shona Nichols, Group Marketing Director

Capita Press Office                                               020 7544 3141

Issued by Finsbury                                                020 7251 3801
Morgan Bone
Mark Harris

NOTES TO EDITORS

The Capita Group Plc is a leading provider of integrated professional support
service solutions. The Group's service capabilities encompass customer services,
insurance services, human resource services, software services, systems and
strategic support and property services delivered to both public sector and
private organisations. With over 13,000 people at over 160 UK sites, Capita is
quoted on the London Stock Exchange and is a FTSE 100 company with revenues in
2001 of £691 million. In November 2001 Capita was awarded the Management Today
Most Admired Business Services Company Award.

Other recent contract wins include: a contract worth c.£500 million over 10
years, representing the largest ever contract for Capita to date, to deliver the
TV Licensing service on behalf of the BBC; the creation and administration of
the new Criminal Records Bureau certification service for the Home Office; the
infrastructure set up, management and development of the new national Connexions
Card service for 16-19 year olds for the Department for Education and Skills
(DfES) and the administration and infrastructure transformation of Abbey
National's general insurance operations.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
                    M