Mergers and Acquistions News
Categories: IT Services & Consulting
January 29th 2010, 17:17PM
The Capita Group has announced the successful acquisition of Synetrix, a provider of ICT application and communications solutions to public and private sector bodies.
For a cash consideration of £75 million, the Capita Group will assume control of Synetrix's design, development and integration of converged networks business.
Synetrix's clients include the London Grid for Learning and the East Midlands Broadband Consortium, both groups made up of local authorities in the UK.
Paul Pindar, chief executive of the Capita Group, said the deal will enhance and expand the company's IT capabilities.
"With the acquisition of Synetrix we will gain a number of key new customers and our enlarged IT services business will benefit from new expertise in a range of areas that support existing capabilities," he added.
In November last year, Capita Symonds acquired engineering consultancy Multi-Tech Contracts, whose clients include National Grid and Northern Gas Networks, for an undisclosed amount.
Related News
Categories
- BPO (28)
- Hardware (52)
- IT Services & Consulting (155)
- Media & Information Services (98)
- Semi-Conductors (59)
- Software (88)
- Telecoms (194)
Archive
- March 2010 (7)
- February 2010 (20)
- January 2010 (20)
- December 2009 (19)
- November 2009 (19)
- October 2009 (20)
- September 2009 (20)
- August 2009 (20)
- July 2009 (21)
- June 2009 (22)
- May 2009 (19)
- April 2009 (20)