The directors of Allsave and My Family Care Vouchers, 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.
Mills said: "Having developed our brands and a successful business, we were considering the best way to build on this growth. Joining with P&MM's team, which operates in a compatible sector of the market, will enable us to achieve this."
Commenting on the acquisition, David Lebond, executive director for Motivcom and P&MM divisional director, added: "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.
