Capital SCF advises Logica on the disposal of its payroll processing business in the Netherlands.
NL – Rotterdam / Amstelveen, 16 July 2010 – Payroll and HR service provider ADP Nederland BV has acquired Logica Netherlands’ payroll activities. Capital SCF acted as sole Financial Adviser to Logica on the transaction. The acquisition will strengthen ADP’s market position in payroll processing in the Netherlands, and allow Logica to focus its resources on its core business. ADP is taking over the payroll activities of some 260 clients who use the P&I and PMS/PayFact platforms. Around eighty Logica employees in the field of payroll, account management and product development have transferred with the business to ADP.
Jan Piet Valk, CFO Logica Benelux said “Capital SCF has proven to be a reliable and most of all knowledgeable partner who brought extensive industry and transaction knowledge to the project. This added value to each and every stage of the project which in the end turned out to be critical for the successful completion of the transaction”
Logica provides business and technological services. Logica has 39,000 employees worldwide. The company provides business services, system integration and outsourcing to clients all over the world. The company’s clients include Europe’s largest corporations. Logica helps its clients by successfully integrating people, business and technology. The focus is on long-term collaboration. Logica uses its knowledge of the sector to achieve innovative solutions for its clients. Logica is listed on the London Stock Exchange and on Euronext in Amsterdam (LSE: LOG; Euronext: LOG). More information can be found at www.logica.nl.
1.4 million employees in the Netherlands receive their payslip from ADP Nederland BV every month. This number is rising year on year. ADP is growing steadily and welcoming more and more large organisations as clients. ADP Nederland has been developing systems and services for payroll & HR for 50 years. In the Netherlands ADP is one of the largest players in this sector. Worldwide ADP is the market leader with a turnover of nearly 9 billion US$. ADP, based in Rotterdam and Capelle aan den IJssel, has around 650 employees and achieved a turnover of 82 million euro in 2009 (financial year 2010). ADP has the (SAS70) type II attestation, which is vital for companies that want to comply with the Sarbanes-Oxley Act. ADP also has a Triple A rating. More information can be found at www.adp.nl / www.adp.com.