Blackhawk Network Completes Acquisition of Grass Roots Group
UK-based provider of employee engagement and customer engagement services expands Blackhawk’s growing incentives portfolio
PLEASANTON, Calif. — Oct. 6, 2016 — Blackhawk Network Holdings, Inc. (Blackhawk) announced it has completed the acquisition of Grass Roots Group Holdings Ltd. (Grass Roots), a leading provider of employee and customer engagement solutions, as previously described in its Aug. 31, 2016 press release. The acquisition broadens the global capabilities of Blackhawk’s incentives and engagement business.
The company will provide additional details on the Grass Roots acquisition during its next earnings call scheduled for October 12, 2016.
About Blackhawk Network
Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) is a leading prepaid and payments global company, which supports the program management and distribution of gift cards, prepaid telecom products and financial service products in retail, digital and incentive channels. Blackhawk’s digital platform supports prepaid across a network of digital distribution partners including retailers, financial service providers, and mobile wallets. For more information, please visit www.blackhawknetwork.com.
About Grass Roots
Passionate about inspiring people, the Grass Roots Group connects brands and people through services such as Experience and Insight, Motivation, Rewards, Benefits, Promotions and Meetings and Events. Founded in the UK in 1980, the Group has 12 offices throughout the world and has provided services in over 100 countries. Grass Roots Group companies have over 20,000 total clients, including one-third of the Financial Times Stock Exchange 100.