Moonpig completed the acquisition of Smartbox UK for $155m.

Moonpig, an online greeting card and gifting platform, completed the acquisition of Smartbox UK, a gift experiences platform, for $155m. “The proposed acquisition of Buyagift rapidly accelerates Moonpig Group’s journey to become the ultimate gifting companion. There is strong strategic rationale for the transaction, and compelling financial benefits. Buyagift is profitable and highly cash generative, with a proven track record of strong growth and we are excited by the ways that we can further transform the business using the Group’s proven playbook. We see significant potential for the cross-selling of gifting experiences to Moonpig Group’s loyal customers. We look forward to working with the Buyagift team to deliver an enhanced proposition for our customers and to create value for our shareholders,” Nickyl Raithatha, Moonpig Group CEO.