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.”
Find service businesses for sale.
This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.
RELOCATABLE
Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.
LEASEHOLD
High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...
|
20
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
|
19
|
|
Sep
|
Smith & Williamson and Tilney to merge | MERGER
After revealing in August this year that talks were in place...
|
18
|
|
Sep
|
Infrastructure investment manager takes stake in LJLA | BUSINESS SALE
Infrastructure investment management group, Ancala Partners,...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources