Paragon Group increases its share in the United Kingdom through the acquisition of St Ives plc Managed Service division SIMS
Paragon Group, including the divisions: Customer Communications, Identification and Graphics Services, are proud to announce the acquisition of SIMS. This is the Managed Services division of St Ives plc. The turnover of Paragon Group will be more than € 700m due to the acquisition next financial year.
SIMS becomes part of Paragon Customer Communications in the United Kingdom.
With a turnover of over € 40m and a wide range of products and services for increasing brand loyalty, this will broaden our current range of solutions. At the same time SIMS customers will benefit from new possibilities with regard to data analysis, digital communication and customer loyalty.
John Rogers, VP or Corporate Development at Paragon Group says: "We are delighted that the transaction has been completed and that a great team, excellent customers and tailor-made technology have been adopted which perfectly complement our current business"
Jeremy Walters, CEO of Paragon Customer Communications UK, adds: "Paragon Customer Communications is a strong, ambitious and growing company and together with the new acquisition of the SIMS team we will continue to deliver great customer communications in the future. strong reputation as a supplier of value-added solutions, has a unique offering with its patented technology: DNA and has a talented and experienced group of employees, whom we welcome to Paragon. "
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