Completion of EGS Group Acquisition
Further to the announcement dated 14 January 2014, PROACTIS Holdings PLC, the global Spend Control and eProcurement solution provider, is pleased to announce that the acquisition of EGS Group Limited completed today.
Rod Jones, CEO commented:
"I am very pleased to announce the successful completion of the acquisition of EGS Group. The acquisition is an excellent strategic fit, and will benefit profitability through significant operational synergies. In addition, the acquisition adds 70 clients and substantial scale to the Group and means we are now the largest independent eProcurement solution provider to the UK Public Sector. We look forward to the process of integrating the business and continuing to update the market on our progress."