Sopra Steria to acquire the remaining 25% stake in Shared Services Connected from Cabinet Office for £82m.

Sopra Steria, a provider of consulting and computer services, agreed to acquire the remaining 25% stake in Shared Services Connected, a provider of business transformation programs to the government and public sector, from Cabinet Office, an agency of the United Kingdom government, for £82m. “With the shared service model now successfully embedded and proven, the Cabinet Office can realise its plan to sell its stake in the joint venture, making a significant contribution to the public purse and allowing Sopra Steria to continue our investment in the SSCL business. This is recognition of the success of Sopra Steria and SSCL, our people and our plans to further enhance, innovate and grow our services on behalf of civil service users,” John Neilson, Sopra Steria CEO.