Tuesday, 24th July 2018
Solihull-based marketing communications agency NC Creative Group has completed the sale of its specialist web development business Wkdcode to Hermitage Innovation Group Limited (HIG) for an undisclosed fee.
The transaction will see ownership of the Kettering-based business, previously a wholly owned subsidiary of the NC Creative Group, pass with immediate effect to HIG.
Hermitage Innovation Group, which is based in Market Harborough, is a privately-owned company with five software businesses within the group.
Commenting on the transaction, CEO of NC Creative Group Richard Smith said: “The Wkdcode business has made significant progress under our ownership, since we took an initial stake in the company back in March 2013. However, with Wkdcode being a growing business in its own right, the board felt that this was an appropriate juncture to pass the baton to a company with a larger footprint in the sector.
“In HIG we believe that we have found an excellent trade buyer to help Wkdcode further capitalise on the opportunities in the sector and to further accelerate the pace of growth and development.”