2 September 2016 | Martin Read

PHS Group has announced the sale of its data solutions business, comprising PHS Datashred, PHS Records Management and Capital Capture businesses.

Restore plc, an AIM-listed provider of document management and relocation services, has acquired the business as part of its expansion plans.

Trading as Mavinwood plc when first AIM-listed in 2004, the company changed its name to Restore plc in 2010 and has been developing its services across mainland Britain since then. With the acquisition of PHS Data Solutions, the company will now be expanding its shredding services provision in to Northern Ireland.

Restore’s services include IT relocation, specialist project scanning and IT consumables reuse and recycling.