o2o acquisition complete
| 27 October, 2014
Private equity firm Endless completed its acquisition of office 2 office (o2o) on Friday. EVO Business Supplies will now begin the process of detailed planning to merge o2o with Vasanta Group, which Endless acquired in 2009. The new group will have a strong focus on large corporate and public sector customers.
"I am convinced that we can drive the merged group on to even more success than we have separately enjoyed these past few years," said Robert Baldrey, CEO.
Mathew Deering, investment director at Endless, added: "Vasanta has been achieving strong growth organically, as evidenced by its recent inclusion in the Grant Thornton Sunday Times Top Track 250. "However, we have long held an ambition to undertake a transformational business combination for Vasanta that would enable it to be a key player in consolidation in the sector. "O2o was always our preferred candidate because the strategy, customers and capabilities of the two businesses fit together fantastically well. We are confident they will have a bright future together as a combined group."