Financial assistance provider CPP Group continues UK expansion with latest acquisition

CPPGroup PLC, the financial assistance product provider, has acquired Valeos - a consultancy providing services and products to companies in the insurance sector.

The terms of the deal are not disclosed.

Founded by CEO David Ross in 2014, Valeos specialises in the provision of products and services for lost and stolen keys as well as valuable distribution opportunities for other CPP products and services.

This acquisition follows on from CPP announcing its re-entry to the UK market in March.

Headquartered in Leeds, CPP is looking to combine Valeos’ protection and assistance capabilities to its Lasu brand portfolio.

CPP specialises in developing and delivering solutions that are designed to reduce the stresses of everyday life.

Michael Whitfield, managing director of UK new business at CPP, commented: “2018 has been an exciting year for the development of CPP UK. Acquiring Valeos marks the next step in our journey to rapidly expand our offering in the UK, following our re-entry into the market earlier this year.

“Our aim is to become the go-to provider for service innovation and improving the customer experience to meet the needs of our business partners’ customers, distribution channels and strategic objectives.

“Acquiring agile and innovative companies such as Valeos brings us ever closer to achieving this.”

David Ross, CEO of Valeos, added: “Joining the CPP family gives Valeos the opportunity to fulfil its potential, in particular by utilising CPP’s expertise in innovative and exciting new technology.

“I believe we will realise the scale that the key protection product can achieve through this acquisition.”

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