PeopleCert International completed the acquisition of AXELOS from Capita and Cabinet Office for £380m.

PeopleCert International, a provider of assessment and certification, completed the acquisition of AXELOS, a provider of methodologies used by professionals working primarily in project, programme and portfolio management, and IT and digitally enabled services, from Capita, a business process outsourcing company, and Cabinet Office, a department of the Government of the United Kingdom, for £380m ($525m). "We are very pleased to have agreed, alongside Cabinet Office, the sale of our joint venture AXELOS to PeopleCert after a competitive auction process. Capita and Cabinet Office have partnered together to grow the business over the last eight years, creating significant value for us and the taxpayer. AXELOS is an excellent example of a successful collaboration between the private sector and the UK Government," Jon Lewis, Capita CEO.