Paragon Group announces the acquisitions of OfficeTeam and ZenOffice*

Paragon Group, the leading provider of customer communications, identification, graphics and business services, is pleased to announce the acquisition of OfficeTeam and ZenOffice*

The purchase of these businesses will further strengthen Paragon’s business services capabilities. The OfficeTeam companies within Paragon will continue to be led by CEO Steve Horne. 

OfficeTeam is a leading provider of business services and workplace solutions with a customer base of blue chip companies. ZenOffice* provide their SME customers with a wide range of managed solutions, including managed print services (MPS), mail and fulfilment, signage and exhibition, workwear and PPE and business interiors.

Sean Shine, CEO of the Paragon Group, said: “We are delighted to welcome OfficeTeam and ZenOffice* to the Paragon Group, adding their expertise to our growing range of workplace solutions and business services. Paragon continues to assess markets to ensure we align our service offering with our customer demands and this acquisition addresses existing customer requirements. Operationally and financially, Paragon is a strong, disciplined and ambitious company and prides itself on being customer focused. Together, we deliver the future of workplace solutions and business services. The acquisitions underline Paragon Group’s ongoing commitment to being the market-leading service provider for businesses in the UK.” 

Steve Horne, CEO of OfficeTeam, said: “Growing to meet the changing needs of our customers has always been our key priority, therefore becoming part of Paragon Group is an exciting opportunity for the business and for our customers, as we will now be able to provide even greater supplier consolidation and operational cost optimisation at a time when our customers need it most. The OfficeTeam capabilities and solutions complement well with the Paragon Group, the acquisition enables us to move at pace to accelerate our strategic roadmap and bring new innovation for our customers. We look forward to sharing these exciting developments with our customers in the coming weeks and months.” 

The acquisition of ZenOffice* requires approval by the UK FCA.

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