Marketing services group Paragon is continuing its international expansion strategy with the acquisition of Computershare Communication Services GmbH, a Munich-based multi-channel customer communications provider.
CCS Germany produces 250 million printed pages and 40 million physical packs each year and supports companies across the financial services and other sectors and plays a key role in helping them to meet their regulatory customer communication requirements.
The high-security facility is certified to ISO 27001 and 9001 standards and has a strong data security and risk management culture.
The acquisition is designed to meet increased demand for sustainability by providing localised production in Munich enabling the optimisation of postal services to reduce costs and carbon emissions.
Having evolved from its print heritage, Paragon now operates across four regions: Belgium and the Netherlands; Germany, Austria and Switzerland (DACH) and Central and Eastern Europe (CEE); Western Europe; and the UK, Ireland and Luxembourg.
Paragon chief executive Jeremy Walters said: “This deal is well aligned to our strategy, and we look forward to exploring global and local opportunities in Munich for faster, more sustainable services for our clients.”
Paragon DACH & CEE region CEO Thomas Simon added: “This aligns perfectly with Paragon’s commitment to achieving the highest standards of risk management, sustainability and information security.”
The acquisition is subject to customary closing conditions and is expected to complete in the second quarter of 2025.
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