RESPONSE TO COMPETITION COMMISSION'S PROVISIONAL FINDINGS FOLLOWING
INVESTIGATION OF CAPITA'S ACQUISITION OF IBS OPENSYSTEMS
The Capita Group confirms that the Competition Commission has issued a notice
of its provisional findings in relation to Capita's acquisition of IBS
OPENSystems. Those provisional findings are that the acquisition may impact
adversely on the supply of Revenues and Benefits software to local authorities
in the UK. The Competition Commission has therefore decided to consult on
appropriate ways to address the potential loss of competition. These remedies
could include a requirement for Capita to sell all or part of the acquired
business.
These findings are provisional. Capita will continue to make its case to the
Competition Commission in the continuing inquiry.
-ends-
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Note to editors
The Capita Group Plc is the UK's leading provider of BPO and integrated
professional support service solutions. With 36,000 people at more than 300
sites, including 62 business centres across the UK, Ireland, the Channel
Islands and India, the Group uses its expertise, infrastructure and scale
benefits to transform its client's services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), and is a
constituent of the FTSE100 with revenues for 2008 of £2,441 million.
Further information on The Capita Group Plc can be found at:
http://www.capita.co.uk
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