InnerWorkings Acquires Productions Graphics to Extend Its Reach in Europe
CHICAGO—Oct. 25, 2011—InnerWorkings Inc., a leading provider of global print management solutions, has acquired Productions Graphics. Headquartered in Paris, Productions Graphics is a leading international print management firm with particular strength in Continental Europe. It has offices in France, Hungary, Germany, Spain and Italy.
The company employs more than 70 individuals and is currently transacting business in over 25 countries. It generated $22 million in revenue in 2010.
“We are excited to forge a partnership with a company that has a track record and reputation as strong as Productions Graphics,” said Eric Belcher, CEO of InnerWorkings. “As a result of this acquisition, InnerWorkings will have an even more powerful global footprint.
“The infrastructure we are gaining in Continental Europe is valuable to our current and future operations. Global contracts are the future of our business, and this acquisition is another important step in achieving InnerWorkings goal for accelerated and lasting leadership in this massive marketplace,” Belcher added.
As a result of the merger, current and future clients of both InnerWorkings and Productions Graphics will benefit from enhanced buying scale, an expanded supplier network and an extended global platform. The joint capabilities available to clients encompass the complete marketing supply chain—from value engineering through the print procurement process to fulfillment.
“Joining the preeminent global print management provider, which shares our vision for growth by servicing the needs of major corporations, is a tremendous opportunity,” said Christophe Delaune, CEO of Productions Graphics. “Partnering with InnerWorkings allows us to offer additional services and global solutions to our existing roster of large multinational clients. This combination provides us with the scale, technology and sophistication to accelerate the growth of our business.”
As part of the acquisition, Christophe Delaune has agreed to a long-term contract to remain with InnerWorkings.
InnerWorkings Inc. (NASDAQ: INWK) is a leading provider of global print management and promotional solutions to corporate clients across a wide range of industries. With proprietary technology, an extensive supplier network and deep domain expertise, the Company procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution. InnerWorkings is based in Chicago, IL, employs approximately 1,000 individuals, and maintains 44 global offices. Among the many industries InnerWorkings’ services are: retail, financial services, hospitality, non-profits, healthcare, food & beverage, broadcasting & cable, education, transportation and utilities.