Capita plc (CPI.L) announced it has acquired iQor Holdings UK Ltd. and subsidiaries from its US parent company, for an enterprise value of 42 million pounds, comprising a cash consideration of 40.5 million pounds on a cash free, debt free basis and the assumption by Capita of a pension deficit of 1.5 million pounds, net of tax relief.
iQor UK provides outsourced debt collection services to both the public and private sectors in the UK. iQor UK employs 450 people in Preston.
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