Communisis Signs Contract

16 Jan 2006 09:47

16 January 2006Communisis signs 10 year Outsourcing Contract with HSBCIn September Communisis announced it expected in January to finalise itsagreement with HSBC plc to acquire HSBC's UK bank statement production businessand to enter into a 10 year outsourcing agreement.Communisis is pleased to confirm that , as planned , negotiations with HSBChave been successfully concluded for the acquisition of the business and thatthe contract, worth an estimated ‚£250 million over 10 years, has been signed.HSBC statement production's staff transfer to Communisis on the 16th January.This outsourcing deal demonstrates further progress in Communisis' strategy ofpartnering with major financial institutions and in helping them manage keyareas of their customer communications.David Jones, Chief ExecutiveCommunisis plc Tel: 0113 277 0202MarkWhiteling, Finance DirectorCommunisis plc Tel: 0113 277 0202William ClutterbuckThe Maitland Consultancy Tel: 020 7379 5151ENDCOMMUNISIS PLC