Capita branches out in the business travel market

Outsourcing group Capita has bought a hotel, business travel and conference booking agency in an attempt to expand its existing operations in the business travel market.

Outsourcing group Capita has bought a hotel, business travel and conference booking agency in an attempt to expand its existing operations in the business travel market.

The firm has acquired Expotel Group for a consideration of £16m on a cash-free, debt-free basis. Expotel generated £16.3m in turnover in the year to October 31st 2011 and made a pro forma operating profit of £3.2m.

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