31 January 2008 | Paul Snell
Xchanging has bought the French procurement outsourcing company Mercuris.
The UK outsourcing firm would not reveal the exact amount it had paid for Mercuris, other than to say the deal was worth "several million pounds".
Amaury Fournial, managing director of Mercuris, said in a statement: "We are excited about joining Xchanging and being part of an organisation that has so much experience in procurement outsourcing and can provide a wealth of opportunities for our employees."
Mercuris, founded in 2000, has around 20 staff and provides both procurement outsourcing and consultancy services. The firm will continue to operate in its own right. David Andrews, CEO of Xchanging, said: "France is an important market for procurement outsourcing for Xchanging. We are delighted to welcome such a highly experienced management team and look forward to growing Mercuris further."
The French firm provides procurement outsourcing services for between 10 and 15 clients. Their biggest customer is the French bank Groupe Caisse d'Epargne, for which they handle around ?400 million (£299 million) of spend annually.
David Rich-Jones, executive director for the business lines sector at Xchanging, told SM
the broad range of services that Mercuris buys would complement the UK firm well.
He added all of Xchanging's customers were likely to benefit from the increased buying power the group could now wield. "It will give us significantly more scale - five to six times larger in terms of spend in France.
"To our future customers this puts us as serious players in the market in France."