FT Print buys UDM to form 26m BPO group

FT Print has acquired rival print manager UDM Print Management to form a 26m-turnover group and is now gearing up to take on the top end of the business process outsourcing (BPO) market.

The acquisition of Burnham, Buckinghamshire-based UDM, which has been renamed FT Print, Burnham, has given FT Print the critical mass to take on larger contracts.

Tom Gurd, managing director of FT Print, said that the merger would provide "the ideal platform for substantial growth in 2010" and that all stakeholders would "benefit from the improved strength the enlarged operation affords".

UDM managing director David Phillips, who has been named chairman of FT Print's parent company FT Holdings, added that the merger made "sound commercial sense" and was "excellent news for the team at UDM and all our customers".

"It will expand both businesses' service offering, resulting in greater scope and opportunities for both companies – this is a really positive time for all involved," he said.

FT Print employs 140 staff and is headquartered in Hertford, with sites in Wolverhampton, Southampton and Burnham. It provides print management services to clients, such as easyJet and the National Trust.