Multimillion-pound deal for education resource business

Wakefield-based YPO has completed the purchase of a education resource supplier.

The publicly owned purchasing body has acquired Cheshire-based Findel Education from the Studio Retail Group for £50m.

The purchase, led by Wakefield Council in its capacity as the lead authority of the joint committee, recognises the value of Findel Education, from Hyde, and the growth potential of a single YPO and Findel Education business.

Simon Hill, Managing Director of YPO commented: “Bringing together these two organisations will enable YPO to continue to grow its core activity of providing value for money and excellent service to its education and public sector customers. This is an excellent example of local authorities acting in a collaborative and commercial manner to provide benefits to local communities across the whole of the country.”

Phil Maudsley, CEO of Studio Retail Group plc said: “Education has undergone a digital transformation over the past two years, and we are confident that YPO represents a natural new home for the business.”

Following the disposal of Findel Education, Studio Retail Group plans to focus on its high growth, ecommerce business, Studio

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