LONDON, April 30, 2021 /PRNewswire/ -- RVU, owner of home
services switching service Uswitch and financial comparison site
Money.co.uk, has completed the previously announced agreement to
buy the business of Penguin Portals from Admiral Group plc.
Penguin Portals is a global network of market leading
insurance-focused comparison platforms that include Confused.com in
the UK as well as Rastreator in Spain and LeLynx.fr in France. The
network of almost 700 employees also includes a start-up in
Mexico and a development centre in
India.
Tariq Syed, CEO of RVU, said:
"This is a win for our brands, our teams and most importantly our
customers, bringing together best in class sector experience in
home services and insurance. We now have the opportunity to empower
millions more consumers to find the right deal for their needs,
across the UK, Europe and beyond.
With world class expertise and a strong shared vision, I'm
incredibly excited to see the opportunities that we can create
together."
For additional details on the transaction, please refer to the
joint press release distributed by RVU on 29th December 2020.
About RVU
Formed in May 2018, RVU is
the Comparison division of ZPG, which is jointly owned by US-based
Red Ventures, a global group of influential brands, digital
platforms and strategic partners, as well as Silver Lake, GIC and
PSP Investments.
With offices in London,
Cardiff, Madrid, Paris, Mexico
City and Gurgaon, RVU's mission is to use its unique
industry expertise to empower consumers to make more confident home
services, insurance and financial decisions.
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SOURCE RVU