Park Group PLC Acquisition (6886L)
05 Octubre 2016 - 1:00AM
UK Regulatory
TIDMPKG
RNS Number : 6886L
Park Group PLC
05 October 2016
5 October 2016
Park Group plc
("Park" or the "Group")
Strategic Acquisition of Fisher Moy International Ltd.
Park Group plc, the UK's leading multi-retailer gift voucher and
prepaid gift card business focused on the corporate and consumer
markets, today announces the acquisition of corporate employee and
customer engagement specialists, Fisher Moy International Ltd.
("FMI"), for an undisclosed all-cash sum.
FMI is profitable, debt-free and the acquisition should be
modestly earnings enhancing for Park in the first full year of
ownership. FMI will initially continue to operate under its
existing brand and will remain at its current offices in
Buckinghamshire which will act as an additional geographic presence
for Park's southern corporate sales team.
A strategic brand engagement consultancy with over 30 years'
experience, FMI works with a number of blue-chip clients such as
Huawei, Close Brothers, Inchcape, Logitech and LV. It specialises
in the creation of events, targeted incentive and reward schemes,
and helps businesses to communicate more closely with their
customers and employees.
The addition of FMI's experience and expertise will enhance
further Park's position as a leading provider of rewards and
incentivisation programmes to the corporate market. The added scale
and track record of Park, coupled with its listed PLC status, will
also assist FMI in marketing its services to large
corporations.
Commenting on the acquisition, Chris Houghton, Chief Executive
Officer of Park, said: "This acquisition is in line with our
consistent strategy of new product development and enhancement and
it will integrate easily into our corporate business. Having worked
with FMI as an external provider for over a year to expand our
online corporate offering, the synergies between our businesses
became apparent and we are pleased to bring their additional
capabilities into the Group. FMI also offers us an established
presence in the South.
"We will continue to examine other best-fit strategic
acquisitions which can benefit our Group offering and remain able
to act should future suitable opportunities arise."
For further information please contact:
Park Group plc Arden Partners Tavistock Communications
plc
Chris Houghton Steve Douglas Andrew Dunn
Martin Stewart Benjamin Cryer Jeremy Carey
Tel: 0151 653 Tel: 020 7614 Tel: 020 7920
1700 5920 3150
About Fisher Moy International Ltd
Fisher Moy International Limited (FMI) is a strategic brand
engagement consultancy based in Chilton, Buckinghamshire with more
than 30 years' experience working with major blue-chip clients.
From impactful events such as conferences and travel trips to
targeted employee incentives and rewards, FMI's team of creative
thinkers generate great ideas that drive better results. With
experienced communications and events teams positioned under one
roof working together smartly in order to communicate a client's
message clearly, build brand loyalty, reward great performance and
incentivise growth.
http://www.fmigroup.co.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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