Xansa to be sold to French group
Bid accepted for group which does work for Beeb and NHS
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