Merger update

The Apollo Group is now in the final stages of a merger with the Keepmoat Group.  The move will bring together the two complementary businesses to create a group with enhanced scale and financial strength, underpinned by forecast revenues in excess of £1 billion, diversity of product range, attractive customer base and continuation of long term partnerships with suppliers.  

The merger, which is set to complete in February, will also mean the creation of a market leader in community regeneration and social housing solutions.

On 16 January 2012, in advance of the merger completion date, Ian Sutcliffe was appointed Chief Executive of Keepmoat and Chief Executive of the merged business with immediate effect.  Previously an Executive Director of SEGRO plc and Taylor Wimpey plc, Ian has extensive business experience of both the sector and merger integration. 

For further information relating to the merger, please click on the following links or, if you have a query, please contact katiegauden@theapollogroup.co.uk:

• Keepmoat and Apollo announce Board appointments
• Press release: Ian Sutcliffe appointed Chief Executive Officer
• OFT announcement: Merger approved by the OFT
• Press release: Keepmoat and Apollo Group announce plans to merge