Xeretec has bought rival Xerox (NYSE:XRX) supplier Kent-based First Choice Business Systems for an undisclosed sum.
The deal sees Xeretec assuming control of the managed print and printer supply parts of the business.
The deal further secures Xeretec’s position as Xerox’s largest reseller in Western Europe after its acquisition of Xerox reseller Bytes Document Solutions (BDS) in May 2014.
Xeretec has customers ranging from large corporate offices to commercial printers in the graphic arts sector and SMB customers. It sells products and services relating to intelligent print management, improved document security, regulatory compliance, tighter cost control and enhanced productivity.
Steve Hawkins, managing director of Xeretec, says the acquisition would further increase his firm’s presence as well as its ability to serve even more businesses nationwide.
“The success of our ongoing growth path has already been recognised by The London Stock Exchange and we are thrilled that it recently listed Xeretec in its annual ‘1000 companies to Inspire Britain’ report,” says Hawkins.
“Xeretec also obtained recognition in The Sunday Times’ BDO Profit Track 100 league table. This acquisition helps us continue this journey and we are excited for both our customers and our expanding team.”
Donna Marley, director and general manager of channels group at Xerox UK, says First Choice Business Systems is a “respected reseller” and the acquisition would “serve to further fuel Xeretec’s success and that of its customers and employees.”
Tony Pond, managing director of First Choice hailed the deal as a “landmark development” for the firm.
“The acquisition will ensure that new and existing customers will all benefit from an even greater service as well as a broader range of print and print management solutions to support them, and their business, moving forward. We anticipate many excellent opportunities will arise from this best-of-breed unity and we’re now even better placed to fulfil them, while adding even greater value than before,” he says.
