Connect Group to sell Education & Care division

Connect Group to sell Education & Care division

Connect Group – which includes the delivery specialists Smiths News and Tuffnells – has announced that it has signed an agreement to sell its Education & Care division to IT services provider RM for £56.5m. RM will also assume Connect Education & Care’s pension schemes which have a combined net liability of £7.9m.

In a statement issued today (7 February), Connect Group said that the disposal is “consistent with the Group’s strategy to focus its primary investment on growth opportunities within News & Media and Parcel Freight”.

 

 

About The Author

Ian Taylor

Ian Taylor is the Editor of Triangle’s Mail & Express Review Magazine and the www.postandparcel.info portal. Ian has been a business journalist for almost 30 years, editing and writing for a wide range of magazines and newspapers with a particular focus on the transport and logistics industries.

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