Capita acquires business travel company, Expotel
31 August 2012
Capita acquires business travel company, Expotel
Capita plc (`Capita') announces today that it has acquired Expotel Group
Limited (`Expotel') for a consideration of £16 million on a cash-free,
debt-free basis. Expotel is a UK hotel, business travel and conference booking
agent.
The acquisition will add reach and scale to Capita's existing operations in the
business travel market and offer additional events and meetings management
capabilities. Expotel's current clients include National Grid, Virgin Media,
the Scottish government and BP.
Expotel made a pro forma operating profit for its financial year to 31 October
2011 of £3.2 million on turnover of £16.3 million.
Commenting on the deal, Paul Pindar, Chief Executive of Capita plc, said: "The
addition of Expotel will bring both significant additional expertise and
greater scale to our UK focused corporate travel business. Expotel also brings
considerable experience in venue and event management, which, alongside our
existing business, creates a proposition of genuine scale and depth in this
fast growing area of the market. The combined company will employ nearly 900
staff in 10 locations and will be able to offer both bespoke, niche solutions
and a unique end-to-end travel proposition to its current and future clients.
In particular, with the public sector needing to drive down travel and
subsistence costs, it will be in a strong position to help local and central
government achieve these aims."
-ends-
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Media enquiries
Capita press office
Caroline Mooney
Tel: 0207 654 2152 or 020 7654 2399 (out of hours)
caroline.mooney@capita.co.uk
Notes to editors
Capita plc is the UK's leading provider of BPO and integrated professional
support service solutions. With 46,500 people at more than 350 sites, including
68 business centres across Europe 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 FTSE 100 with 2011 turnover of £2.9
billion and profit before tax of £385 million. Further information on Capita
plc can be found at: http://www.capita.co.uk
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