19th Jun 2020 16:13
Capita PLC - London-based consulting and outsourcing - Agrees to sell Eclipse Hardware Ltd, which trades as Eclipse Legal Systems, to Access UK Ltd for GBP56.5 million. Eclipse is a software provider to the UK legal market. It had pretax profit of GBP5.5 million in 2019. The deal is expected to be completed by the end of this month, and the entire Eclipse senior management team will transfer to Access. The money from the sale will be used to strengthen Capita's balance sheet. "This disposal forms part of Capita's strategy to simplify, strengthen and succeed," said Chief Executive Officer Jon Lewis.
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By Tom Waite; [email protected]
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