IWG slashes losses and reveals £270m merger with workspace tech group

Mark Dixon

Flexible office giant IWG has entered a £270m merger with a digital assets group to create a new workspace platform.

Alongside its annual figures, which showed the group formerly known as Regus had slashed its operating losses last year, IWG said it was merging with The Instant Group, which provides digital marketing and workspace solutions to nearly half of FTSE 100 firms.

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