- Sector: Industrial Tech
- Deal Type: Strategic Deals; Founder-led Businesses
- Engagement type: Sellside
- Size: $176 million
Arma Partners is pleased to announce that it has acted as exclusive financial adviser to AMT-SYBEX Group Ltd. (“AMT”) on its sale to Capita plc (“Capita”) for an initial consideration of £82 million on a cash free, debt free basis, plus a contingent consideration of up to £23 million based on the business reaching specific profit targets over the next 12 months. Completion of the acquisition is subject to approval from the competition authority in Ireland.
AMT is a proprietary software business providing software and related services in mobile technology and smart data management to the utilities and transport sectors. AMT’s technology manages data from 35 million consumers, enables 35,000 mobile workers and facilitates data capture from smart meters as they are rolled out in the UK and throughout Europe.
With 64,000 people at over 400 sites, including 73 business centres across the UK, Europe, India and South Africa, Capita is quoted on the London Stock Exchange (CPI.L) and is a constituent of the FTSE 100.
The industries served by AMT face structural changes, including the deregulation of markets, the roll-out of smart metering and more demanding and connected customers. AMT has powerful synergies with Capita’s existing footprint in the utilities market to drive transformational change, improve efficiency, use data analytics to improve customer attraction and retention and get businesses and customers better connected through using digital and other channels more effectively. AMT’s products and services, particularly as part of a wider Capita offering, have valuable applications in a range of other sectors, including health, defence, oil and gas and the finance and insurance markets.