The deal is conditional on the completion of a TUPE* consultation process with employees of Mitie Document Management and is expected to complete by the end of September 2021.
As part of the acquisition, SPS takes over the respective customer base in the United Kingdom as well as over 900 employees. The clients, mainly from the Legal Services, Financial Services, Banking, Retail and Insurance sectors, will benefit from SPS´ enhanced service delivery capabilities, end-to-end solution portfolio and focus on leading-edge technology.
“This acquisition is a perfect fit to SPS’ strategy to grow the business in Document Management and Business Process Services and will strengthen our position in the UK and Ireland market. For both our existing and newly acquired clients this will be a positive step as SPS expands its capability, experience, and service offerings across a variety of industry sectors”, says Jörg Vollmer, CEO SPS. “We very much welcome our new clients and employees to SPS and look forward to driving continued success in the future.”