Xchanging buys out BAE procurement

9 March 2007

9 March 2007 | Paul Snell

Outsourcing firm Xchanging has bought out BAE Systems from their procurement joint venture in a deal worth £57 million.

BAE set up the "enterprise partnership" with Xchanging in 2001, which meant Xchanging provided HR and some procurement services for BAE. The procurement function mainly covered "back-office" items such as fleet, mobile phones and stationery.

In addition to making savings through improved efficiency, both companies received a dividend of profits generated by the partnership. Profits were achieved by providing the same HR and procurement services to third party companies.

Mike Turner, chief executive of BAE systems, said: "We constantly look for innovation and value in the way we operate and in the partnerships we form. We are delighted the partnerships with Xchanging have been so successful."

London (North), London (Greater)
£42,505 - £55,069 p.a. + London Allowance + Pension + Benefits
GPA Procurement
Reading, Berkshire
£45-50k p.a. + benefits
GPA Procurement
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