Onlineprinters, one of Europe's largest B2B online printing companies, is to acquire Solopress.
Solopress was founded in 2004 and has grown significantly in recent years reaching 225 employees in 2016.
Solopress’ founders Aron Priest and Andy Smith will continue to lead Solopress as managing directors and become shareholders of Onlineprinters Group.
Last year Bregal Unternehmerkapital became the new majority shareholder of Onlineprinters partnering with Project A and founder Walter Meyer to lead the company to its next phase of growth.
The parties involved in the acquisition have agreed not to disclose details of the transaction.
In 2016 Onlineprinters produced over 2.1 billion printed items. Having expanded its clientele by 100,000 new customers in 2016, the company welcomed its 600,000th customer in January 2017 and currently has more than 650 employees.
Onlineprinters CEO Michael Fries says: “We are glad that Solopress with its premier position in the UK market will become part of the Onlineprinters Group. The experience of the founders Aron Priest and Andy Smith will be instrumental in developing our UK business and helping to further develop Onlineprinters as a European leader in online printing.”
“With Onlineprinters we have found a partner who is one of the pre-eminent international players within the European online printing sector. The Onlineprinters Group provides the right framework to continue the successful development of Solopress,” says Solopress’ co-founder Aron Priest.
