As part of our strategy to become the UK's leading integrated marketing communications business, GI Solutions Group have recently acquired Kettering based Eclipse Colour Print, Eclipse 4DM and Direct Link. This is a great step forward and one which brings are combined turnover in excess of £80 million.
The deal completed on 8th February following both parties having been in talks since last May.
“The reason behind that conversation was very simple: just look at the landscape in our sector, the consolidation going on with YM Group buying TLG, Adare and all its M&A activity,” said GI Solutions Group chief executive Patrick Headley.
“It’s very apparent that we were getting into a position where we were either going to buy or be bought. And I was equally conscious that we offered a fairly narrow footprint and I wanted to make that broader, and also implement some very robust disaster recovery. I knew Simon and Eclipse by reputation and I just thought: why not have a conversation.”
Following the deal, Eclipse Managing Director, Simon Moore will join the main board of GI and have a “significant” shareholding in the enlarged group. He will continue to head up the Eclipse Colour and Direct Link businesses.
According to Headley and Moore, the deal, which both described as one of the worst kept secrets in print, has been universally welcomed by clients and suppliers.