Shareholders give nod to TripleArc acquisition

TripleArcs 40m bid to buy Access Plus has been accepted and the enlarged group was scheduled to start operating as one yesterday (19 November).

TripleArc had received acceptances from shareholders owning 93.7% of its target by its initial closing date on 13 November. The offer was declared wholly unconditional at its EGM on 17 November.

TripleArc chief executive Jason Cromack said it was now just a matter of sweeping up the remaining shares.

The key thing now is the integration of TripleArcs technology throughout Access Plus business, which were working hard on, said Cromack.

The group name will be TripleArc, but the print management division will remain as Access Plus. Its technology division is still a key part of its strategy going forward, added Cromack.

The integration of the firms departments was to be discussed as PrintWeek went to press. However, Cromack did not foresee any redundancies.

Access Plus chief executive Tim Brettell becomes part-time non-executive chairman with immediate effect.

Story by Rachel Barnes