CPP Group continues UK expansion with the acquisition of Valeos

CPP Group continues UK expansion with the acquisition of Valeos

CPP Group are pleased to announce the acquisition of Valeos, a specialist consultancy providing value-added services and products to companies in the insurance sector. This acquisition supports our further growth ambitions, following the re-entry to the UK market in March this year.

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Valeos was founded by CEO David Ross in Yorkshire in 2014 and 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.

The acquisition will enable us to enter the market immediately and, as we are looking to combine the key protection and assistance capabilities to our Lasu brand portfolio, the deal represents an excellent fit and opportunity for both parties.

This is a positive addition into our UK product suite which alongside Lasu also includes Owl, the Blink Travel product plus cyber security for SMEs. We believe this acquisition will provide great interest from Business Partners as we develop the concept to meet customer needs. It’s great news for the whole of CPP UK.

At CPP we specialise in developing and delivering innovative and high-tech solutions that are designed to provide peace of mind by reducing the stresses of everyday life. Adding this proposition through the Lasu app will revolutionise the market for this type of product.

 

 

Managing Director of UK New Business, Michael Whitfield, commented:

“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.”

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