M2 motors after SCC buyout with deal deluge

Print VAR inks quartet of contracts worth more than £10m cumulatively

Managed print services (MPS) specialist M2 claims its recent acquisition by reseller giant SCC has already borne fruit, in the shape of a quartet of meaty contract wins.

The Manchester-headquartered firm was bought up by the UK's second-biggest reseller in February. Between then and now M2 has won contracts with of trio of major new clients: Northumbria Water; engineering support services outfit Babcock International; and cash processing company Vaultex.

Between them, the three contracts cover more than 4,000 devices and will deliver upwards of £10m in sales for the VAR. Additionally, M2 has signed a three-year extension to its contract with food service company Compass. By the end of the expanded contract, the channel player will have worked with the FTSE 100 outfit for a total of eight years.

M2 chief executive John Taylor said: "M2 has enjoyed a really great start to 2014, with these four wins following a successful acquisition by SCC. We are delighted to have joined SCC and the benefits are already starting to show. M2 remains keen to achieve its next level of ambitious growth, with a business owner that understands the technology market and has the vision to see us become Europe's largest MPS business."

Prior to its acquisition by SCC, M2 had revenue of more than £30m, with about 180 staff on the books. In addition to its Stretford HQ, the company also operates offices in London, Wakefield, and Glasgow.

In thepast couple of years, SCC has talked up its desire to make "service-led acquisitions". Following confirmation of the M2 deal, chief executive James Rigby vowed that the print outfit will be "the first of many" buyouts.