P&MM, a subsidiary of Motivcom plc, has acquired Allsave Limited and My Family Care Vouchers Limited, which are companies that specialise in providing tax-efficient childcare vouchers to UK companies.

The directors of Allsave Limited and My Family Care Vouchers Limited, Jacquie Mills and Catherine Maddox, will continue to manage the businesses, which will remain as separate brands within the Employee Benefits division of P&MM Limited.

Mills comments: “Having developed our brands and a successful business, we were considering the best way to build on this growth. Joining with P&MM’s successful Employee Benefits team, which operates in a compatible sector of the market, will enable us to achieve this.”

Maddox adds: “Combining our strength in our sector with P&MM Employee Benefits’ strong market position and P&MM’s powerful resources will be a valuable advantage to both companies.”

Commenting on the acquisition, David Lebond, executive director for Motivcom plc and P&MM divisional director responsible for the company’s Sales Promotions and Employee Benefits division, says: “This is an excellent opportunity to strengthen our position in the childcare voucher sector by acquiring another well-established leading name in this market. Allsave’s strength in the SME sector will enlarge the market in which we operate.

“The combination of Allsave, My Family Care Vouchers and P&MM Employee Benefits, with its Childcare Plus vouchers, will strengthen our position among the market leaders in the sector. In addition it supports our group strategy to invest in certain high-potential product areas and allows us to deliver the combined experience and infrastructure to our childcare voucher brands.”