Northgate completes its acquisition of Anite Public Sector

Northgate Information Solutions, a provider of services to the public sector and utilities markets, yesterday completed its £54.3m purchase of Anite Public Sector Holdings Ltd as part of its long term strategic expansion programme in supporting public service transformation.

The deal comes seven months after the acquisition of Northgate Information Solutions plc by private equity firm Kohlberg Kravis Roberts & Co (KKR).

The acquisition is part of a long term strategy to broaden and strengthen Northgate’s capacity to meet its clients’ changing needs for citizen-centred services. It builds on the Northgate Public Service strong track record of successfully integrating seven acquisitions in the last five years. The acquisition strategy has generated profitable growth through promoting a performance culture, driving through innovation and putting quality at the heart of everything the company does.

The new organisation will have an expanded capability to deliver business-focused change programmes and integrated services to the local government, social housing and police and criminal justice public services markets. Northgate will add to its position in revenues and benefits and housing by providing a comprehensive range of services including social care and enhanced document management services.

David Meaden, Chief Executive of Northgate Public Services, said: “I am delighted that we have completed the deal which will bring real benefits to our clients, our employees and to our company as a whole. It marks an exciting new stage in our development and we look forward to the opportunities that will come as a result.

“Our ambition for our company is matched by our ambition for public services. We are fully committed to supporting public service transformation through innovation and the development of new forms of performance partnerships.

“This acquisition broadens and strengthens our capacity and our capability to successfully respond to large scale, strategic and complex procurements and deliver realisable outcomes. Successful transformation requires services which place citizens’ needs at their heart. This deal enhances and extends our ability to support our clients in achieving this crucial change.”

The deal was completed for a total cash consideration of £54.3 million, subject to the settlement of a £3.8 million receivable owed by Anite to Anite Public Sector and a working capital adjustment following completion. The Board of Anite announced that the resolution to approve the disposal of Anite Public Sector Holdings Limited, as detailed in the circular sent to shareholders dated 1 August 2008, was passed at a General Meeting on 29 August 2008. The OFT cleared the acquisition on 27th October 2008.

* - Article from Publictechnology.net