Banner (evo) Acquires Staples Solutions' UK Book of Business

August 8, 2020

Banner Group Ltd, part of the evo Group, has agreed to acquire the UK book of business of Staples Solutions B.V. — including staples.co.uk and staplesadvantage.co.uk. Staples Solutions said the divestiture transfers UK contracts and online business to Banner while Staples will continue its UK 3PL operations and honour pension obligations; the move aims to reduce Staples' fixed-cost burden and secure customer and employee support under a larger platform.

Buyers
Banner Group Ltd, evo Group
Targets
Staples Solutions UK book of business (staples.co.uk and staplesadvantage.co.uk)
Sellers
Staples Solutions B.V.
Location
Buckinghamshire, United Kingdom
Transaction Type
Divestiture

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