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Capita PLC Acquires ParkingEye

Wednesday, 23 Oct 2013 11:13am EDT 

Capita plc announced that it is acquiring ParkingEye, a provider of technology based car parking services, for an enterprise value of GBP57.5 million on a cash free debt free basis. ParkingEye's automatic number plate recognition (ANPR) based management system is used by clients to provide remote enforcement, management information and alerting systems. The acquisition will be satisfied in cash of GBP54.8 million (GBP23.9 million payable on completion and GBP30.9 million payable at certain times during the period up to and including February 2014) and the issue of 413,421 ordinary shares of 2 1/15 pence each in Capita plc (`Consideration Shares') to certain selling shareholders. 

Company Quote

25.0 +1.96%
31 Jul 2015