Capita will continue its aquisition spree following Monday’s £40 million takeover of Vertex’s private sector operations with the purchase of Cedar HR Softwarefor £15 million.
Round-up of today’s M&A deals
Capita will continue its aquisition spree following Monday’s £40 million takeover of Vertex’s private sector operations with the purchase of Cedar HR Software for £15 million.
Cedar was a subsidiary of the Advanced Computer Software Group and specialises in providing human resource management software to UK police forces.
Its products are used by 30 of the UK’s 53 forces and its largest clients including Greater Manchester, North Yorkshire and Thames Valley police.
Capita will use the Cedar acquisition together with last year’s takeover of SunGard Public Sector and Beat Systems Ltd earlier this year, to drive further int ot the outsroucing market for police forces, which are being told to make substantial back office cuts under het government ‘s spending review.
Andy Parker, joint chief operating officer of the Capita Group said: ‘This acquisition adds both innovation and breadth to our solutions for police forces. It will allow us to offer a full, end to end, back office solution integrating payroll, rostering and scheduling, finance and procurement; in essence a platform for transformation in what is an important new market for Capita.”
Cedar made an operating profit £2 million on turnover of £6.2 million last year.
Round-up of today’s M&A deals
- VITEC Multimedia announces acquisition of ATEME defense and security business
Value: undisclosed
Advisers: undisclosed
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- Arrow Electronics is to acquire Japan-based Chip One Stop in an all-cash tender offer, Arrow will be acquiring 9 per cent of the common shares of Chip One Stop
Value: undisclosed
Advisers: undisclosed
- eCommerce Industries will snap up Digital Gateway to become part of ECi’s Office Equipment Division
Value: undisclosed
Advisers: undisclosed
- Sunlogics a vertically integrated global solar energy systems provider specializing in solar project development and installation, will buy privately-held Phoenix Solar Holdings Corp and its operating subsidiaries, including EPV Solar Germany GmbH and New Millennium Solar Equipment Corp
Value: undisclosed
Advisers: undisclosed
