Capita to acquire AMT-SYBEX Group

14 April 2014 Capita to acquire AMT-SYBEX Group Capita plc (`Capita') has agreed to acquire AMT-SYBEX Group Limited (`AMT') foran initial consideration of £82 million on a cash free, debt free basis, plus acontingent consideration of up to £23 million based on the business reachingspecific profit targets over the next 12 months. AMT is a proprietary software business providing software and related servicesin mobile technology and smart data management to the utilities and transportsectors, which are key markets for Capita. Its clients include four of the `bigsix' energy companies, National Grid, Network Rail and Transport for London. Founded in 1990, AMT has developed applications for its long term clients thatsupport efficiencies and service delivery in energy and water suppliers,managing the data of 35 million consumers and enabling mobile working for over35,000 employees. In addition, the company's software products help clients tomanage company assets, carry out mobile inspections, and perform maintenancework on infrastructure. AMT's latest developed applications will enable datacapture from smart meters as they are rolled out in the UK and throughoutEurope. It is forecasting an operating profit of £13 million on turnover of £45 millionin its current financial year to January 2015. Andy Parker, Capita plc chief executive said: "AMT is an innovative, highperforming, quality business working with a range of industries and sectorsundergoing huge competitive and structural pressures, including thederegulation of energy markets, the roll-out of smart metering and moredemanding and connected customers. Its products and services allow clients toeffectively manage data from a variety of sources, mitigate against risk andultimately contribute towards better customer service. "There are therefore powerful synergies with Capita's existing footprint as itworks within the utilities markets to drive transformational change, improveefficiency, use data analytics to improve customer attraction and retention andget businesses and customers better connected through using digital and otherchannels more effectively. "In addition, AMT's products and services, particularly as part of a widerCapita offering, have valuable applications in a range of other sectors,including health, defence, oil and gas and the finance and insurance markets.We look forward to welcoming the business into Capita and working with it torealise its full potential." AMT employs around 250 employees based in Dublin, Belfast, Glasgow andLetchworth. Completion of the acquisition is subject to approval from the competitionauthority in Ireland. For further information: Capita plc Tel: 020 7799 1525 Andy Parker, Chief Executive Officer Shona Nichols, Corporate Communications Director Media enquiries only: Capita press office Caroline Mooney Tel: 020 7654 2152 or 020 7654 2399 (out of hours) Email: caroline.mooney@capita.co.uk Note to editors Capita plc is the UK's leading provider of BPO and integrated professionalsupport service solutions. With 64,000 people at over 400 sites, including 73business centres across the UK, Europe, India and South Africa, the Group usesits expertise, infrastructure and scale benefits to transform its clients'services, driving down costs and adding value. Capita is quoted on the LondonStock Exchange (CPI.L), and is a constituent of the FTSE 100 with 2013 revenueof £3.9 billion. Further information on Capita plc can be found at:www.capita.co.uk