HP-owned Apogee to expand in Europe through MCA partnership

The newly formed Apogee-MCA has already acquired AM Trust's print management solutions business

Apogee has invested in MCA to create a new company named MCA-Apogee and expand its presence in the European market.

Together MCA-Apogee have already acquired France-based AM Trust's print management solutions business, in a move to create a French leader in managed workplace services.

AM-Trust employees will transfer to the new MCA-Apogee company, and will continue to provide a managed service to the combined customer base.

"MCA-Apogee are delighted to announce the partnership with Apogee that has enabled the acquisition of AM Trust Managed Print Service business," said Salem El-Hammami, president of MCA-Apogee.

"AM Trust has built a formidable reputation in the MPS marketplace over the past few decades, which will strengthen and complement MCA-Apogee's expertise and ability to support its clients throughout France."

Aurelio Maruggi, CEO of Apogee, added: "This investment represents another significant step for Apogee towards establishing a pan European presence, extending the leadership in managed workplace services established in the UK to other major European countries.

"MCA and AM Trust have a long and successful history in managed print services and the partnership with Apogee will open new opportunities in managed workplace solutions with existing and new customers."

MCA-Apogee said it will operate independently from the main Apogee Group, but will leverage assets and capabilities from the parent company, as they look to accelerate growth through the expanded portfolio of services.

MCA is an international high-tech engineering and consulting company across Europe with offices in France, Germany, Italy, Sweden and more.

More than four years on from its £380m acquisition by HP, Maidstone-based Apogee still claims to be "Europe's largest multi-brand provider of managed workplace services".

In our VAR 300 report, CRN found that Apogee's revenues contracted a further 16 per cent in its year to 31 October 2021 (having fallen 28 per cent in fiscal 2020) as the pandemic and chip shortage continued to slow sales volumes.