Williams Lea’s acquisition of TSO completes

Williams Leaopens in new window, the leading global Corporate Information Solutions provider, announces today that the acquisition of TSO has successfully completed.

Williams Lea and TSO are now well positioned in the rapidly expanding market of public sector Business Process Outsourcing*. The new combined proposition is underpinned by TSO’s experience in this market and Williams Lea’s innovative and proven approach with clients. Throughout the acquisition process, reactions from clients and employees have been very positive.

Tim Griffiths, Chief Executive of Williams Lea, commented: 'We are pleased to confirm the completion of our acquisition of TSO today. I am looking forward to working with Richard and his team as we develop this exciting new area of opportunity for the Group.'

Richard Dell, Chief Executive of The Stationery Office, said: 'I am delighted that TSO becomes a part of the Williams Lea Group as of today. Since announcing the transaction in November, we have received very positive feedback from our clients, prospects and staff. We look forward to growing the public sector outsourcing activities of the group.'

* forecast to grow at 23.5% CAGR to £1.3 billion by 2008 with demand being driven by a growing number of Government Departments, changes in regulation and legislation and the desire to increase efficiencies within the public sector as a whole.