Paragon Group Acquires RRD’s European Global Document Solutions (GDS)

The acquisition of RRD’s European GDS business strengthens Paragon Group’s ability to deliver integrated document management and customer communications solutions to multinational clients across Europe.
Paragon Group
28 Oct 2019
Paragon Group
28 Oct 2019
Paragon Group Acquires RRD’s European Global Document Solutions (GDS)
The acquisition of RRD’s European GDS business strengthens Paragon Group’s ability to deliver integrated document management and customer communications solutions to multinational clients across Europe.

Paragon Group (Paragon), the leading provider of Customer Communications, Identification and Graphics Services in Europe, and R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading global provider of multichannel solutions for marketing and business communications, announced today that Paragon has acquired RRD’s European Global Document Solutions (GDS) business, headquartered in the UK, for an undisclosed amount. GDS provides document management services and solutions. The transaction closed on October 25, 2019.

GDS has locations in the UK, France, Spain, Germany, Netherlands, Poland and Italy and employs approximately 1,500 people.  GDS’ net sales were approximately $270 million in 2018.

Long Quote
We are delighted to acquire RRD’s GDS European businesses and are pleased to announce that we have also entered into a strategic alliance with RRD, which will expand the offerings both companies provide to clients. We welcome the GDS team to Paragon and look forward to the value and expertise they will add to our full-service range of leading marketing, communications and technology solutions for our customers.
Patrick Crean
Chairman and CEO, Paragon Group
Long Quote
The sale of GDS represents another key step in our strategic transformation. Through this transaction, we are further optimizing our business portfolio while remaining strongly positioned to provide end-to-end marketing and business communications solutions to our global clients.  The strategic alliance we have established with Paragon, the European leader in communications solutions, enables us to offer an enhanced set of capabilities in the region. I want to thank the GDS team for their tremendous support of RRD and wish them future success as they join the Paragon team.
Dan Knotts
President and CEO, RRD

The purchase of GDS enriches the operational capabilities of Paragon in the sphere of customer communications and complements existing solutions enabling them to deliver unparalleled services for Paragon’s large multinational global customers with local support in Europe.