REG - Vulcan Two Group PLC - ERP License Agreement Signed

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RNS Number : 1304W  Vulcan Two Group PLC  11 March 2026

 

11 March 2026

Vulcan Two Group plc

(the "Company", "Group" or "Vulcan Two")

 

ERP License Agreement Signed

Providing a scalable ERP platform to support growth

 

Vulcan Two Group plc, the company aiming to create the UK's leading regulated
ePharmacy through buy-and-build, announces that it has signed a five-year
license agreement with a leading provider for the implementation of a central
enterprise resource planning ('ERP') system.

 

The selected ERP provider is a global leader in cloud-based, industry-specific
enterprise software. Its ERP solutions combine industry expertise with
cutting-edge technology, including generative AI, agentic AI, machine
learning, and advanced analytics, to help customers innovate and lead. The
implementation will be managed by one of the provider's leading consultancy
partners.

 

The ERP license agreement follows the announcement on 26 February 2026 that
the Group has conditionally raised £40 million to acquire three companies in
the ePharmacy sector. As detailed in that announcement and in the Admission
Document published on 27 February 2026, the Directors had been working with an
ERP provider to scope out the requirements of the system and the applicability
of the ERP provider's platform for the needs of the Company. The Directors
believe that the selected platform is ideally suited to Vulcan Two's growth
profile and operations, as enlarged by the upcoming acquisitions.

 

The ERP system will bring all key processes across the Group onto a single
managed platform. The introduction of the ERP system will follow a phased
approach, ensuring efficient implementation whilst avoiding disruption to the
underlying businesses. The integration will be managed and overseen by the
Group's recently appointed ERP Director.

 

Under the terms of the license agreement, the Company will pay an annual
subscription fee of £80,000, which will increase to an annual fee of
£100,000 over the term of the five-year agreement. The Company also expects
to pay the consultancy a fee of approximately £765,000 to implement the ERP
system during the course of 2026, with the majority of this development
expenditure expected to be capitalised as an intangible asset.

 

Michael Kraftman, Chief Executive Officer of Vulcan Two, commented: "A single,
central ERP system is a key component of the scalable platform that we're
building. It will give us visibility, control and consistency across the
Group, while improving the quality of data that will underpin
decision‑making. This investment will support our growth and ensure the
business is equipped to execute our strategy efficiently and effectively."

 

For further information please contact:

 

 Vulcan Two Group plc                                    Email: info@vulcantwo.com (mailto:info@vulcantwo.com)

 Michael Kraftman, Chief Executive Officer

 Brendan O'Brien, Chief Operating Officer

 www.vulcantwo.com (http://www.vulcantwo.com)
 Canaccord Genuity Limited                               Tel: +44 (0) 20 7523 8000

(Nominated Adviser and Sole Broker)

 Simon Bridges / Harry Pardoe / Elizabeth Halley-Stott
 Alma Strategic Communications                           Email: vulcantwo@almastrategic.com (mailto:vulcantwo@almastrategic.com)

(Financial PR)

                                                       Tel: +44 (0) 20 3405 0205
 Justine James / Sam Modlin / Will Merison

 

 

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