02/11/11
By Karen Moss
GB Group plc has today acquired customer registration and address management company, Capscan Parent Ltd for £11.2 million. The acquisition adds 54 people and a client portfolio of more than 1,800 customers, which includes ASOS, Ocado, and Virgin Wines.
GB Group has undertaken three acquisitions in the last six months. Together the acquisitions should increase the revenue of GB Group to around £3 5million from £24 million a year ago.
GB Group CEO Richard Law says: “This is most definitely a case of the whole being greater than the sum of the parts – we have long-admired Capscan’s impressive history and client base as a rival. We are therefore, excited to be bringing the Capscan and GB Group teams and product offerings together."
Terry Hiles, Managing Director from Capscan added, “I imagine competitors will be intrigued and even nervous about this move – and rightly so. The combination of our businesses with our desire to evolve with our clients’ needs and a history of innovation, will make us a force to be reckoned with.”
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