P&MM buys Summersault to strengthen employee offer

P&MM has acquired the employee-relationship company Summersault Communications. Summersault specialises in producing internal corporate literature such as employee magazines, intranets, conference literature and online communications. It lists Asda, Tui, McDonald’s and National Grid Transco among its clients. P&MM managing director Nigel Cooper said the acquisition will complement its existing offer. “We already have an employee-benefits division and this will simply expand our offering in the employee arena,” he said. “It’s complementary to what we already offer; it isn’t more of the same.” Cooper said the two companies would continue to operate as completely separate divisions with Summersault retaining its brand. However, clients of both companies can now tap into the specialities of either. “If a Summersault client wanted to hold a conference then it could pass it on to us and we can now offer P&MM clients an internal communications speciality,” added Cooper. Summersault employs more than 30 staff and no redundancies are planned. Last year, it recorded an operating profit of £400,000 and will continue to trade from its base in Leamington Spa, Warwickshire. Cooper confirmed that P&MM acquired the entire share capital of Summersault for £2.25m, consisting of an initial consideration of £1.5m and a further deferred £750,000 in profit-related payments. This is believed to be the first of several acquisitions that P&MM will make this year. “At present we are in talks with three or four other companies,” said Cooper. l P&MM Group is proposing to change it’s name to Motivcom PLC. Pending shareholder approval, the name change for the holding company, which comprises P&MM Ltd, P&MM Travel, Archer Young and Summersault Communications should come into effect by the end of March.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in

5 ways technology can help hotels reopen safely

5 ways technology can help hotels reopen safely

New innovations will help hotels solve the challenges of coronavirus so that guests can return, says Louisa Watson of Wyboston Lakes Resort.

Dear C&IT: Diversity should be part of the process right from the start

Dear C&IT: Diversity should be part of the process right from the start

Event planners need to challenge the diversity of their internal teams and their clients, says WRG Live's Steve Porter

LIVE UPDATES: England to relax quarantine rules for visitors from 10 July

LIVE UPDATES: England to relax quarantine rules for visitors from 10 July

Find out which countries are on partial or national lockdown, what travel restrictions are in place and what size gatherings are allowed.

'Attention to detail is key'

'Attention to detail is key'

A-List 2020: Stephanie Aviss is an account manager at Top Banana

What does the future hold for incentive travel?

What does the future hold for incentive travel?

C&IT speaks to Black Tomato's David Heron to find out why he's feeling cautiously optimistic.

5 ways the industry can recover from the crisis

5 ways the industry can recover from the crisis

Catch up on our Crisis Briefing webinar, where experts from across the global MICE industry share their latest COVID-19 recovery plans.

Case study: Android's Partner Summit in Berlin

Case study: Android's Partner Summit in Berlin

Agency Wonder brought the tech giant's new branding to life in a former techno club in the German capital.

Events industry urges UK government to set reopening date

Events industry urges UK government to set reopening date

Senior industry figures argue that the lack of confirmed date risks losing major business to international competitors.

'It's great to be involved in the planning but onsite is where you really learn'

'It's great to be involved in the planning but onsite is where you really learn'

A-List 2020: Sarah Potts is an events project manager at BI Worldwide.

Dreaming down under: the Australia incentive

While global travel is on hold, it’s a time to dream. One Australian expert discusses her ultimate incentive itinerary for first-time visitors, including flying celebrated chefs around the country and dinner under the outback stars…