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B2B marketing communications business Communisis has agreed a deal valued at approximately £153.8m to be acquired by OSG Group Holdings. 


Communisis, which counts clients such as EE, HM Revenues and Customs, Coty and Nestlé on its website, has nine offices across the UK, 12 across Europe, and offices in New York and Hong Kong also. 


Within its interim half-year results released in August, its chief executive Andy Blundell revealed an increase in sales of 9% with an increase in total revenue of £15.1m year-on- year to revenue of £188.6m and a pre-tax profit of £4m.


OSG provides outsourced omnichannel billing, critical communications and payment solutions as well as customer communication and marketing services with around 5,400 clients from industries including financial, utility, education, healthcare and insurance services. 


This will be its 18th acquisition in the last five years, should it proceed. 


The acquisition has yet to be presented to shareholders, with a 75% majority needed to agree in order to proceed. Should it receive that backing, the deal is scheduled to be finalised by December this year following a court and general meeting held around 28 November. 


Communisis shareholders will receive 71p for each share under the agreement. 


David Gilbertson, chairman of Communisis, said that the business had achieved “great success” in offering B2B marketing solutions. 

“Its strategic and operational development over the last decade has translated into strong financial performances and shareholder value creation. Whilst the Communisis Board believes that the business would have a promising future as an independent listed company, a combination with OSG will provide Communisis with the scale, global presence and digital technology capabilities to ensure it remains at the forefront of its industry and maximises its future potential. 

“The proposal from OSG reflects these opportunities and represents an attractive opportunity for Communisis Shareholders to crystallise an immediate and certain value in cash for their shareholdings, at a significant premium to current and historical share price trading levels,” he added. 

Scott Bernstein, chairman and chief executive officer of OSG, said:

“This is a significant development for our business and we believe that uniting Communisis and OSG will be an important step in building one of the largest and most competitive outsourced customer communications platforms serving businesses globally. We look forward to working with the management team and employees of Communisis to build upon their leading position in the industry. We are excited by the opportunities to strengthen Communisis’ platform with our best-in-class operational and integrated analogue and digital communications systems, to enhance their client service, and to enable their clients to better engage with and retain their customers. We also look forward to expanding Communisis’ service offering, and offering some of their services to our clients.”