WAALWIJK, The Netherlands, June 9, 2014 /PRNewswire/ --
The Management Board of DOCDATA N.V. (Waalwijk, The Netherlands) today announces that their UK intermediate holding company DOCdata (UK) e-Holding Limited in Witney (UK) has sold all the shares of its wholly-owned subsidiary docdata payments (response) Limited to DDC Outsourcing Solutions, registered as CGF Marketing Services Limited in the UK.
This transaction includes the complete Payments Response organisation and business of Docdata in the UK as per the transaction date of 9th of June 2014, including all existing labour contracts with the personnel and staff of docdata payments (response) Ltd. which will be honoured by DDC Outsourcing Solutions. The financial details of the transaction will not be disclosed at the specific request of the buyer.
Management of DOCDATA N.V. confirms that the transaction does not have a material impact on the Group results and expects that the sale of the Payments Response activities in the UK will not have an influence on the remaining e-commerce fulfilment activities in the UK, operated by docdata fulfilment Limited from Witney. The sale of docdata payments (response) Limited is one of the actions taken to execute the previously announced restructuring process for the Docdata UK operations.
DDC Outsourcing Solutions was established in 1987 and is part of the international DDC Group. The company has grown to service a wide range of customers in sectors such as Charities, Finance, Data Acquisition, Utilities, Consumer and Public Sector.
Mr. Colin Gray, Managing Director of DDC Outsourcing Solutions, said, "We are delighted with this share purchase agreement, as there is a fantastic fit between our existing operations and the business of the company bought from Docdata."
The listed DOCDATA N.V. exists of two lines of business:
Docdata (http://www.docdata.com) is a European market leader with a strong basis in The Netherlands, Germany and the United Kingdom. Docdata offers a complete e-commerce service portfolio to clients, enabling them to be successful on the internet.
IAI (http://www.iai-industrial-systems.com) is a high tech engineering company specialised in developing and building systems for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors: securing and personalising of security documents, processing of solar cells and modules and processing of other materials and products.
Corporate website: http://www.docdatanv.com
SOURCE docdata N.V.