InnerWorkings Acquires Productions Graphics
Chicago-based InnerWorkings Inc., the print management solutions company started by Groupon co-founder Eric Lefkofsky, announced that it has acquired Productions Graphics. Headquartered in Paris, Productions Graphics is a leading international print management firm with particular strength in continental Europe. Productions Graphics has offices in countries such as France, Hungary, Germany, Spain and Italy.
"We are excited to forge a partnership with a company that has a track record and reputation as strong as Productions Graphics," said Eric Belcher, chief executive officer of InnerWorkings. "As a result of this acquisition, InnerWorkings will have an even more powerful global footprint."
"The infrastructure we are gaining in continental Europe is valuable to our current and future operations. Global contracts are the future of our business, and this acquisition is another important step in achieving InnerWorkings' goal for accelerated and lasting leadership in this massive marketplace," Belcher said.
As a result of the merger, current and future clients of both InnerWorkings and Productions Graphics will benefit from enhanced buying scale, an expanded supplier network and an extended global platform. The joint capabilities available to clients encompass the complete marketing supply chain—from value engineering through the print procurement process to fulfillment.
"Joining the preeminent global print management provider, which shares our vision for growth by servicing the needs of major corporations, is a tremendous opportunity," said Christophe Delaune, chief executive officer of Productions Graphics. "Partnering with InnerWorkings allows us to offer additional services and global solutions to our existing roster of large multinational clients. This combination provides us with the scale, technology and sophistication to accelerate the growth of our business."
Productions Graphics employs over 70 individuals and is currently transacting business in more than 25 countries. The business generated $22 million in revenue in 2010. As part of the acquisition, Christophe Delaune has agreed to a long term contract to remain with InnerWorkings.