GIS acquired by Grove
A
GI Direct product story
Edited by the Printingtalk editorial team
Nov 17, 2008
GI Solutions Group has been acquired by West Midlands company Grove Industries.
GI Solutions Group (GIS), which has 170 employees in Leicester and China, 158 of whom are Leicester-based, and annual sales of around GBP30m, has recently been focusing on services in customer value management.
GE Capital and the commercial banking arm of Alliance and Leicester funded the deal, which will see West Midland industrialist David Grove becoming chairman of GIS.
The business will continue to be run by the existing management team, and all senior management will remain in place.
David Grove, chairman of Grove Industries, said: 'The GIS business is profitable, with high manufacturing standards, strategic customer insight services, excellent customer and supplier partnerships and a real understanding of customers' needs.
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