The developments over aquisitions comes after Grass Roots M&E UK was purchased by BCD Meetings and Events in December 2017, posted an increase in operating profit with 35% to almost £1.5 million.
The Strategic Meetings Management and Delegate Management turnover of the UK business increased from £8.9 million to £9.3 million for the year ending 31 December 2017.
Including the UK and Switzerland, which has been managed from the UK, the turnover has grown with 10% whereas EBITDA doubled.
David Taylor managing director Grass Roots said: "Our final year of trading as Grass Roots M&E has been enormously encouraging and successful on a number of different levels, turnover has increased and both staff and client retention has been exceptional which is incredibly positive.
"Moving forward I’m very excited about integrating with BCD M&E and I am not alone, I see this positivity throughout the business and speaking to clients across the globe they’re also enthusiastic about what we can now deliver for them."
The acquisition of Grass Roots M&E provides BCD Meetings and Events with a wider reach across the globe and enhances BCD Meeting and Events’ commitment to delivering client-centric solutions.
Both organisations share a complimentary client base as well as similar cultures and values, meaning the integration process has enabled greater personal growth and development for the 1,450 plus global employees.
Geert Jan Jongeneel, Global CFO and managing director EMEA at BCD Meetings and Events commented, "The Grass Roots acquisition supports BCD Meetings and Events’ strategy of providing tailored products and services designed to deliver on the exacting needs of our broad client base.
"We’ve placed a focus on offering innovative global technology solutions to our new joint client base and on expanding integrated delegate management solutions, thereby providing a truly integrated end-to-end solution to support clients.
"Over the last 12 months we have transitioned the two organisations, learning best practices from each other and we are now very excited at the new opportunities that our one voice brings for 2019 and beyond."
BCD M&E employs more than 1,450 people across 50 countries.
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