UK dealer groups in merger talks
Aim is to leverage synergies and align growth plans.
Integra Business Solutions and Office Friendly, two of the UK’s leading dealer groups, have revealed that they are in discussions regarding a potential merger.
This move comes as both organisations aim to leverage synergies and align their growth plans to benefit members’ businesses and the independent dealer channel.
According to a joint statement from Integra and Office Friendly, the boards of both dealer groups have identified several areas of mutual benefit, including diversification, sustainability and digital solutions.
The process of a potential merger has been initiated, with shareholders from both companies having received communication regarding the proposal and respective voting requirements.
The outcome of these votes and the next steps in the merger process are expected to be communicated at the beginning of October.
Meanwhile, both businesses have assured members and partners that there will be no disruption to their businesses or any changes to existing trading relationships during this process.
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Date Published:
4 September 2024