Apogee has confirmed it has snapped up fellow print player Danwood, claiming the union creates Europe's largest independent specialist in managing print.
Yesterday, rumours surfaced about the possible acquisition, but neither party was available to comment on them. This morning, Apogee made the announcement, confirming it has snapped up Danwood for an undisclosed sum.
In the announcement, no mention of Danwood management was made, but Apogee said its board of directors, led by its joint CEOs Jason Colins and Robin Stanton-Gleaves, will continue to manage the group following the deal.
Apogee said Danwood's presence in the SME, corporate and public sector space in the UK will "significantly enhance" its client base, which currently consists of 10,000 retained customers and 8,000 transactional ones.
Apogee's Collins said: "This significant acquisition for Apogee provides us with the scale and reach to be a leading player in the European market for managed print services. Danwood has terrific strengths that complement Apogee's offering and strategy, including a large client base of major corporate businesses, government and public sector organisations, and a strong service network that will increase the group's coverage and capacity to support its clients across the UK and continental Europe."
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