Thu, 08 Dec 2016 | BUSINESS SALE
The UK arm of Japanese multinational Kyocera has acquired a £65-million-turnover managed print and ICT services firm.
Kyocera Document Solutions UK has snapped up Annodata as it seeks to add to its product offering.
As a result of the deal Annodata, which was established in 1998, will remain a separate business entity to Kyocera with its own management team, led by co-founders Andrew and Tim Harman.
Kings Langley-based Annodata posted £65.2 million in turnover for the year to 30 June 2015, up from £53.3 million during the previous 12 months.
Hironao Katsukura, managing director of Kyocera Document Solutions UK, said the acquisition would give it a “great platform” from which to grow.
“Annodata is a well-established, influential national player with similar business ideals to our own, as well as having important vendors, technologies and a very strong value-adding culture in common,” he said.
“This marks a significant opportunity for our partners, customers and people as we become part of the global Kyocera family and continue the journey we started back in 1988,” said Andrew Harman, co-founder of Annodata.
“With the significant resources and support of Kyocera Document Solutions UK we can remain committed to our principles, innovate new solutions and services tailored to rapidly changing market needs, and ensure we are well placed to meet customer demands.”
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