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.
- Industry
- Logistics & Distribution
- Location
- Buckinghamshire, United Kingdom
- Transaction Type
- Divestiture
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