ERP License Agreement Signed

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 Michael Kraftman, Chief Executive Officer Brendan O'Brien, Chief Operating Officer www.vulcantwo.com	Email: [e-mail]
Canaccord Genuity Limited (Nominated Adviser and Sole Broker) Simon Bridges / Harry Pardoe / Elizabeth Halley-Stott	Tel: [phone]
Alma Strategic Communications (Financial PR) Justine James / Sam Modlin / Will Merison	Email: [e-mail] Tel: [phone]

 

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