Capita makes bolt-on acquisition

15th Apr 2011 07:52

Outsourcing giant Capita has made a small bolt-on acquisition, snapping up a document consultancy and managed print services firm.Capita is paying £30m plus a deferred consideration of up to £10m for Document Solutions Holdings, a firm with a range of public and private sector clients. Clients include financial services companies, legal firms, media businesses and educational institutions.RDS made a pro-forma operating profit of £4.4m on turnover of £12.2m in the year to 30 June 2010."The UK market for print solutions has been estimated to be worth around £650 million in 2010 and is shifting increasingly towards managed print services," said Paul Pindar, Capita Group's chief executive officer."The acquisition, alongside Capita's existing print and document management services, will ensure that Capita is well positioned to participate comprehensively in this market. These services also play an integral role in many of our businesses and contracts and we can therefore provide further service efficiencies to both Capita and its clients by delivering these services directly," Pindar added.---jh