RNS Number : 9571E
Capita Group PLC
15 April 2011
15 April 2011
CAPITA ACQUIRES RIGHT DOCUMENT SOLUTIONS
The Capita Group Plc ('Capita') has today acquired Right Document Solutions Holdings Limited ('RDS') for a consideration of £30m on a cash-free, debt free basis, plus a deferred consideration of up to £10m. The acquisition provides a good strategic fit with a number of Capita's professional services businesses by building upon existing design, bulk print and document management capabilities.
Established in 1988, RDS provides document consultancy and managed print services through long term contracts with a range of public and private sector clients. Clients include financial services companies, legal firms, media businesses and educational institutions.
RDS made a pro forma operating profit of £4.4m on turnover of £12.2m in the year to 30 June 2010.
Commenting on the deal, Paul Pindar, Capita Group Chief Executive Officer, said: "The UK market for print solutions has been estimated to be worth around £650 million in 2010 and is shifting increasingly towards managed print services. The acquisition, alongside Capita's existing print and document management services, will ensure that Capita is well positioned to participate comprehensively in this market. These services also play an integral role in many of our businesses and contracts and we can therefore provide further service efficiencies to both Capita and its clients by delivering these services directly."
Paul Gillett, Managing Director of Right Document Solutions, said: "We have a strong track record in delivering customer value through reduced costs and improved efficiencies. I am confident that combining our core strengths, especially those in managed print, with Capita's capabilities in wider document related services will differentiate our market proposition and give us a range of compelling unique selling points. Being part of the larger Capita Group will allow us to reach our full potential across both private and public sectors."
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Capita press office
Tel: 0207 654 2152 or 020 7654 2399 (out of hours)
Notes to editors
The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 37,000 people at more than 350 sites, including 64 business centres across the UK, Ireland, the Channel Islands and India, the Group uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2010 of £2,744 million. Further information on The Capita Group Plc can be found at: http://www.capita.co.uk
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