REG-Capita PLC: Capita acquires business travel company, Expotel
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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) email@example.com 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 END
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