To expand its reach into SMB market in Ireland
In a move to expand its reach into the SMB market in Ireland, Xerox has acquired Cork-based Irish Business Systems (IBS), for approximately $31m.
IBS, with eight offices located throughout Ireland, is a managed print services provider and an independent supplier of digital imaging and printing services in Ireland.
Xerox said that the acquisition will increase its sales force and gain access to more than 11,000 new customers in Ireland.
IBS will sell the Xerox office and light production products and supplies, including all Phaser, WorkCentre and the ColorQube 9200 Series of multifunction printers that print, copy, fax and scan.
IBS will operate as a wholly owned subsidiary of Xerox, while maintaining its name and keep its headquarters in Cork, Republic of Ireland. IBS’s management team and employees will continue to operate as part of IBS.
Douraid Zaghouani, senior vice president of European channels group at Xerox Europe, said: With this acquisition, Xerox will increase its presence in all parts of Ireland. IBS is a strong office technology and managed print services provider in Ireland. Their extensive distribution and customer support complement the benefits of Xerox’s technology and solutions.
Over the last two years, Xerox has expanded its distribution to the SMB market and managed print services delivery capability through acquisitions and relationships with resellers and concessionaires in Europe. The current acquisition is the company’s eighth in the past two years.