Xerox Acquires Altodigital and ITEC Connect, Expanding SMB Reach in Europe
“We’re supporting small and midsize businesses seeking a modern work experience through two acquisitions in the U.K.,” said Xavier Heiss, EVP and president of EMEA Operations, Xerox. “Altodigital and ITEC are both leaders in managed print services and specialists in IT services, an area into which Xerox is rapidly expanding with new offerings.”
Both acquisitions have received government approval. Terms of the transactions were not disclosed. This is the third acquisition targeting the fast-growing SMB market this year. In January, Xerox announced the purchase of Arena Group, which provides office technology, software, solutions and services.
“Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation,” said James Abrahart, CEO and owner, Altodigital. “We share Xerox’s vision to broaden the range of services and technologies available to SMBs requiring a modern work experience.”
“Our ambition is to deliver the latest innovation and technology to help businesses work smarter,” said Nick Orme, CEO, ITEC Connect. “Together with Xerox, we’re in a prime position to offer workplace solutions that evolve and support SMBs as they seek growth.”