Cleardata

SPS, a global leader in technology-driven business transformation, has completed the acquisition of Cleardata, a UK-based specialist in document management and processing services. This strategic move aims to bolster SPS's information management capabilities and expand its service offerings.

Summary of transaction details:

• Value: Undisclosed
• Sector: Business Services
• Advisor: KBS Corporate Finance
• Key Entities: Target: Cleardata; Acquirer: SPS
• Location: Cleardata (Blyth, Northumberland, UK); SPS (Zurich-headquartered, global operations)

Note: This acquisition strengthens SPS's market position in information management by integrating Cleardata's expertise in digitisation, mailroom, and AI-driven document processing technologies. For Cleardata, joining SPS provides a platform for continued success, leveraging SPS's scale and investment capacity.