Xansa, the accounting and IT outsourcing group, is to be sold to French IT service provider Steria in a deal worth around £472m.
In April, Xansa signed a £19m deal to provide accounting services to the NHS, while it has also agreed an £85m deal with the BBC.
The news though was not well received by the market, with shares falling as much as 10% on fears the offer was too high.
The combined company would rank among the top 10 in its sector in Europe with revenues in excess of £1.2bn
Further reading:
Xansa signs £19m NHS deal for accounting services
Threshers agree £8m outsourcing deal with Xansa
Xansa finalises deal with Beeb
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