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Capita acquires NYS Corporate

Firm hopes acquisition of Yorkshire agency will add "significant value" to Capita Travel and Events

Pictured: James Parkhouse

Capita has acquired York-based event management company NYS Corporate.

The firm hopes that the acquisition will further strengthen Capita Travel and Events’ service offering, bringing a specialist focus in meetings and events, innovative meetings technology and a wealth of experience.

James Parkhouse, chief executive officer of Capita’s travel and events business, said: "The acquisition of NYS Corporate will add significant value to our customers and partners, further enabling us to help make their business events, meetings and travel smarter though the application of quantitative and qualitative insight.

“NYS Corporate has built a great reputation for innovative technology, aligned to a strong service ethos and deep knowledge in the meetings industry. Our combined expertise enhances our existing capabilities and positions us strongly in the UK’s events, meetings and business travel sector”.

NYS Corporate, which employs 62 employees, will retain its market identity, operating with the same staff and no change in name. Trevor Elswood, chief commercial officer of Capita’s travel and events business will be the managing director of NYS Corporate within Capita.

Together, the two companies will have more than £560m in managed spend, and employ nearly 1,000 people in seven UK locations.

Along with James Parkhouse, Capita’s divisional finance director Niall McCallum and executive director Peter Hepworth have been appointed as directors at NYS Corporate, while Margareth Gschnitzer and Oliver Garside have both left the board. Garside acquired NYS Corporate in December 2013 after working with the agency for 12 months as a consultant.

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