Paragon Group and RR Donnelley have announced that Paragon has acquired RRD’s European Global Document Solutions (GDS) business, headquartered in the UK, for an undisclosed amount. GDS provides document management services and solutions.
GDS has locations in the UK, France, Spain, Germany, Netherlands, Poland and Italy and employs approximately 1500 people.
Patrick Crean, Paragon Group’s chairman and chief executive officer, commented: ‘We are delighted to acquire RRD’s GDS European businesses and are pleased to announce that we have also entered into a strategic alliance with RRD, which will expand the offerings both companies provide to clients.’
He continued, ‘We welcome the GDS team to Paragon and look forward to the value and expertise they will add to our full service range of leading marketing, communications and technology solutions for our customers.’
Dan Knotts, RRD’s president and chief executive officer, stated: ‘The sale of GDS represents another key step in our strategic transformation. Through this transaction, we are further optimising our business portfolio while remaining strongly positioned to provide end to end marketing and business communications solutions to our global clients. The strategic alliance we have established with Paragon, the European leader in communications solutions, enables us to offer an enhanced set of capabilities in the region.’