Vistaprint To Buy People & Print Group

(RTTNews) - Vistaprint N.V. (VPRT) said Tuesday that it has agreed to buy Deventer, the Netherlands-based People & Print Group B.V.

People & Print Group is comprised of several online printing sites focused mainly on the Dutch and Belgian markets, including its most well known site, Drukwerkdeal.nl. The company's customers consist of local printers, design agencies and resellers, as well as small businesses that have the ability to create and upload graphic design files. The company operates in the Netherlands and Belgium, with about 175 employees.

Vistaprint expects the deal to close during its fourth fiscal quarter of 2014. People & Print Group management and employees will join the Vistaprint team, but will continue to operate under the People & Print Group brands.

Vistaprint expects the deal to be immaterial to its fiscal 2014 financial results.