InnerWorkings Extends Reach in Europe by Acquiring Productions Graphics
Global Platform Expanding to Meet Needs of Multinational Clients
InnerWorkings, Inc. (NASDAQ:INWK),
a leading provider of global print management solutions, today announced
that it 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
Belcher added, "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."
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, 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
Productions Graphics employs over 70 individuals and is currently
transacting business in more than twenty-five 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
About InnerWorkings, Inc.
Inc. (NASDAQ: INWK) is a leading provider of global print management
and promotional solutions to corporate clients across a wide range of
industries. With proprietary technology, an extensive supplier network
and deep domain expertise, the Company procures, manages and delivers
printed materials and promotional products as part of a comprehensive
outsourced enterprise solution. InnerWorkings is based in Chicago, IL,
employs approximately 1,000 individuals, and maintains 44 global
offices. Among the many industries InnerWorkings' services are: retail,
financial services, hospitality, non-profits, healthcare, food &
beverage, broadcasting & cable, education, transportation and utilities.
For more information visit: www.inwk.com.
This release contains statements relating to future results. These
statements are forward-looking statements under the federal securities
laws. We can give no assurance that any future results discussed in
these statements will be achieved. Any forward-looking statements
represent our views only as of today and should not be relied upon as
representing our views as of any subsequent date. These statements are
subject to a variety of risks and uncertainties that could cause our
actual results to differ materially from the statements contained in
this release. For a discussion of important factors that could affect
our actual results, please refer to our SEC filings, including the "Risk
Factors" section of the Form 10-K we recently filed with the SEC.
Scott Kozak, (312) 642-3700
Source: InnerWorkings, Inc.
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