Capita in bolt-on acquisition of tech consultant

Outsourcing specialist Capita has beefed up its computer consultancy offering with the acquisition of Smiths Consulting.

Outsourcing specialist Capita has beefed up its computer consultancy offering with the acquisition of Smiths Consulting.

Capita is initially paying £10m to acquire the systems applications and products (SAP) consultancy on a cash free, debt free basis, though the deal has a further contingent consideration of up to £2m which is based on profit performance over the next two years.

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