Jessops

Online retailer AO World has acquired specialist camera and optical technology retailer Jessops from entrepreneur Peter Jones.

Summary of transaction details:

• Value: Undisclosed
• Sector: Consumer Goods
• Advisor: Not disclosed
• Key Entities: AO World, Jessops, Peter Jones
• Location: United Kingdom

Note: The acquisition supports AO World's strategy of expanding into adjacent categories, adding a trusted brand and specialist expertise in cameras and optical technology to its existing retail portfolio.