GB Group PLC - Sale of GBG Marketing Services
GB GROUP PLC
("GBG", the "Group" or the "Company")
Sale of GBG Marketing Services
GBG, the identity data intelligence specialist, is pleased to announce that it has sold its Marketing Services division to HH Global Interactive Limited ("HH Interactive"), a subsidiary of HH Global Group Limited ("HH Global").
This sale supports GBG's strategic focus on its core global capabilities in Location Intelligence, Identity Verification and Fraud Prevention. As a consequence of this strategic focus revenues from Marketing Services have declined in recent years and in FY20 accounted for approximately 2% of Group revenues.
HH Interactive provides a comprehensive suite of marketing services and this transaction will allow GBG's customers to benefit from a broader range of technology and services now required by marketing departments.
- Ends -
For further information, please contact:
+44 (0) 1244 657333
Peel Hunt LLP (Nominated Adviser and Broker)
+44 (0) 20 7418 8900
+44 (0) 20 7418 8914
Tulchan Communications LLP
+44 (0) 20 7353 4200
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GBG offers a range of solutions that help organisations quickly validate and verify the identity and location of their customers.
Our market-leading technology, data and expertise help our customers improve digital access, deliver a seamless experience and establish trust, so that they can transact quickly, safely and securely with their customers online.
Headquartered in the
To find out more about how we help our customers establish trust with their customers, visit www.gbgplc.com and follow us on LinkedIn and Twitter @gbgplc.
Quick facts: GB Group
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