Announced
Financials
Tags
Acquisition
Private
Pending
Domestic
Single Bidder
Majority
Digital Services
information management
digital transformation
United Kingdom
Friendly
Synopsis
Restore, a provider in integrated information and data management, technology recycling, and commercial relocation services, agreed to acquire EDM Group, an international provider of information management and digital transformation services, for £61m. "I am delighted with the acquisition of the EDM UK business and the value this will create for shareholders. EDM is a business that is well known to us, it is well invested with a loyal customer base and a terrific team of over 430, each of whom we welcome into the Group today. Bringing EDM's scale and capabilities together with ours will deliver even better offerings for customers and build an even stronger UK player in the management of physical and digital data," Charles Bligh, Restore CEO.
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