Hansen Technologies Limited has acquired PPL Solutions, LLC from NYSE listed PPL Corporation). The purchase price is expected to represent approximately 4 times Solutions’ EBITDA, and will be funded from Hansen’s internal cash resources.
Headquartered in Bethlehem, Pennsylvania, PPL Solutions provides billing, business processing outsourcing (“BPO”), call centre and information technology services to competitive electric and gas suppliers and regulated utilities in the US. The business has 230 staff, with the majority of these located at PPL Solutions’ call centre facility in Hazelton, Pennsylvania.
PPL Solutions is a strategically attractive business that is strongly aligned with Hansen’s key acquisition criteria: it sits within Hansen’s core billing & customer care business; owns the intellectual property in its billing software; has recurring revenue streams; and extends Hansen’s footprint into a new market segment in the US. The PPL Solutions business adds business process outsourcing, customer care and Software-as-a-Service to Hansen’s portfolio of Electricity, Gas and Water products.
PPL Solutions is expected to represent approximately 7% of the combined Hansen worldwide EBITDA. Given the BPO nature of the Solutions business and the services provided, the business operates on margins below those historically achieved by Hansen.
Australia, Victoria & USA, Bethlehem, PA
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