3rd Feb 2015 07:32
LONDON (Alliance News) - Capita PLC said on Tuesday it has agreed to buy customer contact management services company avocis for EUR210 million on a cash-free, debt-free basis.
The FTSE 100-listed outsourcing company said it was buying the company from an unnamed private equity owner and said avocis has a leading position in the customer contact management sectors in Germany, Switzerland and Austria.
Avocis reported earnings before interest, taxation, depreciation and amortisation of EUR29.8 million for the year to December 31, on pro forma revenue of EUR210 million.
"We are excited by the opportunities in the DACH region. The acquisition of avocis provides us with immediate scale and further capabilities in this territory. avocis has a strong position in the German speaking regions of Europe with long term and growing relationships with quality private sector clients." said Capita Chief Executive Andy Parker.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Capita