Arma Partners has acted as exclusive financial adviser to AMT-SYBEX Group on its sale to Capita plc for an initial consideration of GBP82 million.
There is a contingent consideration of up to GBP23 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.
