Acquisition of Celaton, global experts in Intelligent Document Processing, by Advanced AdvT Ltd, completes today
Further to our announcement of 7 May 2024 that AdvancedAdvT Ltd (“ADVT”), the London Stock Exchange listed company had agreed to acquire Celaton Limited, we are pleased to announce that the transaction has completed this morning.
The Acquisition was conditional upon National Security and Investment Act approval, which has been received.
Vin Murria, AdvancedAdvT's Executive Chairperson said, "We are pleased to announce the timely completion of this acquisition, which strategically offers an improved alternative for a key supplier exiting the market. This timely move proves highly beneficial for the ADVT customer base and underscores our commitment to delivering exceptional service and value."
All our Celaton colleagues will remain in their roles as the company joins four other ADVT companies in the group; IBSS (best known for its finance management software for the public sector), CHKS (specialists in healthcare intelligence compliance software), Retain (leaders in resource planning and talent management software), WFM (experts in workforce management software).
Jim Chase, Celaton's Executive Chairman said, "This is great news for our customers and partners, and team Celaton looks forward to further collaboration with our new group colleagues, working closely with ADVT customers, and to collectively accelerating the group's overall solutions portfolio."
Celaton Limited, 11 Buckingham Street, London, WC2N 6DF.
The Acquisition was conditional upon National Security and Investment Act approval, which has been received.
Vin Murria, AdvancedAdvT's Executive Chairperson said, "We are pleased to announce the timely completion of this acquisition, which strategically offers an improved alternative for a key supplier exiting the market. This timely move proves highly beneficial for the ADVT customer base and underscores our commitment to delivering exceptional service and value."
All our Celaton colleagues will remain in their roles as the company joins four other ADVT companies in the group; IBSS (best known for its finance management software for the public sector), CHKS (specialists in healthcare intelligence compliance software), Retain (leaders in resource planning and talent management software), WFM (experts in workforce management software).
Jim Chase, Celaton's Executive Chairman said, "This is great news for our customers and partners, and team Celaton looks forward to further collaboration with our new group colleagues, working closely with ADVT customers, and to collectively accelerating the group's overall solutions portfolio."
Celaton Limited, 11 Buckingham Street, London, WC2N 6DF.
