Key acquisition for financial assistance provider

Global financial assistance product provider CPP has acquired Valeos, a Yorkshire firm which provides services and products to companies in the insurance sector.

The acquisition, completed for an undisclosed sum, supports the CPP’s further growth ambitions. The firm – which had its group headquarters in Leeds and UK head office in York- announced its re-entry to the UK market in March this year.
Valeos was founded by CEO David Ross in Yorkshire in 2014, has a wealth of experience in the provision of products and services for lost and stolen keys as well as valuable distribution opportunities for other CPP products and services.
Managing director of UK New Business, Michael Whitfield, said: “2018 has been an exciting year for the development of CPP UK. Acquiring Valeos marks the next step in our journey to rapidly expand our offering in the UK, following our re-entry into the market earlier this year.

“Our aim is to become the go-to provider for service innovation and improving the customer experience to meet the needs of our business partners’ customers, distribution channels and strategic objectives. Acquiring agile and innovative companies such as Valeos brings us ever closer to achieving this.”
CEO of Valeos, David Ross, added: “Joining the CPP family gives Valeos the opportunity to fulfil its potential, in particular by utilising CPP’s expertise in innovative and exciting new technology. I believe we will realise the scale that the key protection product can achieve through this acquisition.”