Xerox expands SMB footprint in Ireland

NORWALK, Conn.: Xerox Corporation, today announced the acquisition of Irish Business Systems (IBS), for approximately $31 million, expanding its reach into the small and mid-sized business (SMB) market in Ireland.

IBS, with eight offices located throughout Ireland, is a managed print services provider and the largest independent supplier of digital imaging and printing solutions in Ireland.  By thus acquisition, Xerox would increase its sales force and gain access to more than 11,000 new customers in Ireland, said a press release.

Over the last two years, Xerox has expanded its distribution to the SMB market and managed print services delivery capability through acquisitions and broadened relationships with resellers and concessionaires in Europe.

 “With this acquisition, Xerox will increase its presence in all parts of Ireland,” said Douraid Zaghouani, senior vice president, European Channels Group, Xerox Europe.

He added, “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.”

IBS will operate as a wholly owned subsidiary of Xerox, will maintain its name and keep its headquarters in Cork, Republic of Ireland. Its management team and employees will continue to operate as part of IBS. The acquisition, Xerox’s 8th in the past two years, is an all-cash transaction.

The company would sell the full range of 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, the release added.