Sale of external IT bus. and

RNS Number : 5885T

Carillion PLC

09 June 2009

 



9 June 2009

Carillion agrees sale of external IT business and outsources internal IT services functions  

Carillion has entered into an agreement for the sale of its external IT Services business, an outsourcing, networking and cabling solutions provider that it acquired with Alfred McAlpine, to Capita.   

In parallel with this transaction, Carillion has also entered into a contract to outsource the provision of the Group's UK internal IT services functions to Accenture, to whom Carillion has already outsourced a range of finance and human resources functions.  

These two transactions, which form part of the integration of the Carillion and Alfred McAlpine businesses, are expected to generate  gross cash for Carillion totalling £76 million during 2009, of which £40 million relates to the outsourcing and £36 million  to the  disposal,  which is subject to an adjustment for working capital at completion.  

Carillion was advised by Lazard on the sale of its external IT Services business.

For further information 

John Denning, Director Group Corporate Affairs ++44 (0)1902 316426 

Notes to editors 

Carillion is the UK's leading support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group has annual revenue of over £5 billion, employs around 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean. 

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion's portfolio of equity investments in Public Private Partnership projects includes projects in the UK and Canada, particularly in the Defence, Education, Health and Transport sectors.

This and other Carillion news releases can be found at www.carillionplc.com

Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Company and for no one else in connection with the Disposal and will not be responsible to any person other than the Company for providing the protections afforded to customers of Lazard & Co., Limited or for providing advice in relation to the matters described in this announcement.

 

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