Paragon Group announces the acquisitions of OfficeTeam and ZenOffice*

Paragon Group announces the acquisitions of OfficeTeam and ZenOffice*
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Paragon Group, the leading provider of customer communications, identification, graphics and business services, is pleased to announce the acquisition of OfficeTeam and ZenOffice*. The acquisition of ZenOffice* requires approval by the UK FCA. 

 
OfficeTeam and ZenOffice* are the leading providers in the UK of Workplace Solutions and Business Services. The purchase of these businesses will further strengthen Paragon’s business services capabilities. The OfficeTeam Companies within Paragon will continue to be led by CEO Steve Horne. 
 
OfficeTeam is a leading provider of business services and workplace solutions with a customer base of blue chip companies. They enable customers to work smarter and achieve more through providing a consolidated range of tailored, dynamic and expert business solutions, delivered with 100% service excellence. Working in partnership with their customers and suppliers, their mission is to optimise costs and improve efficiency through innovative technology and tailored solutions. 
 
ZenOffice* provide their SME customers with a wide range of managed solutions, including managed print services (MPS), mail & fulfilment, signage & exhibition, workwear & PPE and business interiors. They are a trusted partner for SMEs, going beyond office supplies to provide customers a range of business solutions all froma one place. 
 
Sean Shine, CEO of the Paragon Group, said: “We are delighted to welcome OfficeTeam and ZenOffice* to the Paragon Group, adding their expertise to our growing range of Workplace Solutions and Business Services. Paragon continues to assess markets to ensure we align our service offering with our customer demands and this acquisition addresses existing customer requirements. Operationally and financially, Paragon is a strong, disciplined and ambitious company and prides itself on being customer focused. Together, we deliver the future of Workplace Solutions and Business Services. The acquisitions underline Paragon Group’s ongoing commitment to being the market-leading service provider for businesses in the UK.” 
 
Steve Horne, CEO of OfficeTeam said: “Growing to meet the changing needs of our customers has always been our key priority, therefore becoming part of Paragon Group is an exciting opportunity for the business and for our customers, as we will now be able to provide even greater supplier consolidation and operational cost optimisation at a time when our customers need it most. 
 
The OfficeTeam capabilities and solutions complement well with the Paragon Group, the acquisition enables us to move at pace to accelerate our strategic roadmap and bring new innovation for our customers. We look forward to sharing these exciting developments with our customers in the coming weeks and months.” 
 
*Paragon have agreed to acquire the shares of ZenOffice subject to the approval of the Financial Conduct Authority  
 

About Paragon Group 

Paragon Group is a leading provider of Customer Communications, Identification, Graphics and Business Services. Paragon Group combines generations of experience with the latest innovations in technology and smart data to enable responsive and meaningful interactions between organisations and their customers.  
 

About Paragon Customer Communications 

Paragon Customer Communications provides end to end customer communications services to our clients - we go to market through three key service lines: Customer Engagement & Marketing, Business Process and Transaction and Digital Customer Experience. We aim to provide brilliant customer communications to our clients, helping them to connect with their customers and to transform their customer connections. 
 

About Paragon Identification  

Paragon ID business goes to market with four key offerings: e-ID is the provision of electronic passport covers, driving licences and ID cards, Smart Cities & Mass Transit includes smart cards, tickets and mobile device connectivity for mass transit applications and Track & Trace tracks high value goods through the supply chain; Payment includes secure payment cards and related technologies. 
 

About Paragon Graphic Services 

Paragon Graphic Services provides Print & Design, Display and Workplace Solutions & Business Services. Producing digital print in small format, for marketing materials such as brochures and flyers and large format for point of sale and interior branding products, and high tech solutions including 3D printing and virtual reality – everything print and design. We supply display graphics creating visual experiences including retail, event technology products and services in the UK. Our OfficeTeam business provides customers with a wide range of workplace and business solutions – including business supplies, office furniture & interiors, facilities supplies & PPE, managed print services and technology services. 

 

For more information on this press release please contact Paragon Group