TIDMGBG

RNS Number : 2131U

GB Group PLC

01 April 2021

 
 1 April 2021

GB GROUP PLC

("GBG", the "Group" or the "Company")

Sale of Employ and Comply business

GBG, the identity data intelligence specialist, is pleased to announce that it has signed an agreement to sell its Employ and Comply business unit to First Advantage, a leading global provider of technology solutions for background and employment screening.

The sale supports GBG's strategy of focusing on its core global capabilities of Location Intelligence, Identity Verification and Fraud Prevention. GBG's Employ & Comply business is focused on the UK market.

Employ and Comply will become part of a global leader in employee screening, providing it with the focus, scale and investment necessary to continue its corporate development. First Advantage is one of the largest screening providers in the world, conducting over 75 million screening checks annually, with over 35,000 customers globally.

Employ and Comply is currently part of GB Group's Identity segment and accounted for approximately 3.4% of Group revenue in FY20.

Chris Clark, CEO at GBG, commented: "We recognise that employment screening services require specialist market capability. First Advantage has a global capability in background screening services and is a business that shares many of our values. We believe we've found a great home for our customers and our people who will bring great expertise, energy and capability to First Advantage in the UK."

- Ends -

For further information, please contact:

Enquiries

 
  GBG 
   Chris Clark, CEO & Dave 
   Wilson, CFO & COO                 +44 (0) 1244 657333 
 Peel Hunt LLP (Nominated 
  Adviser and Broker) 
  Edward Knight, Paul Gillam 
  & Nick Prowting                   +44 (0) 20 7418 8900 
 Tulchan Communications             +44 (0) 20 7353 4200 
  LLP                               GBG@tulchangroup.com 
  James Macey White & Matt 
  Low 
 Website                        www.gbgplc.com/investors

About GBG

GBG offers a range of solutions that help organisations quickly validate and verify the identity and location of their customers.

Our market-leading technology, data and expertise help our customers improve digital access, deliver a seamless experience and establish trust, so that they can transact quickly, safely and securely with their customers online.

Headquartered in the UK and with over 1,000 team members across 16 countries, we work with 20,000 customers in over 70 countries. Some of the world's best-known businesses rely on GBG to provide digital services and keep the economy moving, from US e-commerce giants to Asia's biggest banks and European household brands.

To find out more about how we help our customers establish trust with their customers, visit www.gbgplc.com and follow us on LinkedIn and Twitter@gbgplc.

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April 01, 2021 02:00 ET (06:00 GMT)

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