CPP Group PLC, a global financial assistance product provider, acquired Valeos, a specialist consultancy providing value-added services and products to companies in the insurance sector.
The terms of the deal are not disclosed.
Founded by CEO David Ross in Yorkshire in 2014, Valeos provides products and services for lost and stolen keys as well as valuable distribution opportunities for other CPP products and services.
The acquisition supports the company’s further growth ambitions, following CPP announcing its re-entry to the UK market in March this year, with CPP looking to combine the key protection and assistance capabilities to its Lasu brand portfolio.
CPP is a product marketing business which works with business partners across a range of sectors in 10 markets within Asia, Europe and Latin America to provide insurance and assistance products and services ranging from protection for mobile phones, payment cards & household belongings to keeping travel plans moving and the monitoring of compromised personal data.