(Alliance News) - GB Group PLC on Thursday said it agreed to sell its Employ & Comply unit to First Advantage Corp.
Shares in GB Group were up 1.4% to 859.79 pence.
The sale, at an undisclosed price, supports Chester-based GB Group's strategy to focus on its core businesses of location intelligence, identity verification and fraud prevention, the company said. Employ & Comply accounted for 3.4% of GB Group revenue in the 2020 financial year.
"We recognise that employment screening services require specialist market capability," Chief Executive Chris Clark said.
It's GB Group's second disposal this year, after selling the Marketing Services unit to HH Global Group Ltd in January.
By Ivan Edwards; ivanedwards@alliancenews.com
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Gb Group (GBG)