Capita acquires Red Procurement and Business Systems Limited
Capita today announces the acquisition of Red Procurement and Business Systems Limited (‘Red’). Red provides expert procurement consultancy services to the public and private sectors, identifying cost savings in the procurement process. Its clients include BDR Thermea, Anite Telecoms and a number of other FTSE100 market leading companies including Capita.
The acquisition sits well with Capita’s long term strategy to grow and develop its procurement consultancy expertise, providing further support to existing and future customers, and also generating even greater efficiencies within the Group.
Commenting on the acquisition, Keith Rowling, Managing Director, Capita’s consulting business, said: “Red is already well known to Capita through the services it provides to some of our existing contracts and so the business will complement and enhance our procurement offering. This acquisition will not only allow for the team at Red to develop their growth opportunities but also internalise the spend on procurement consultancy across the Group.”
Simon Smith, Managing Director, Red Procurement and Business Systems Limited, said: “The management team at Red already has a strong working relationship with Capita and we believe that the values of the Group will enhance and complement our own. Becoming part of such a large and robust organisation will allow us to accelerate the development of our combined procurement proposition and for our consultants to continue to focus on client delivery and developing expertise.”
Red currently has 19 employees, based in the West Midlands. All employees will be transferring to Capita.
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