Fuji Xerox completes the acquisition of CSG
February 20, 2020
CSG and Fuji Xerox first announced the proposed acquisition under a Scheme Implementation Deed in October 2019.
Fuji Xerox Co., Ltd. announced that its subsidiary Fuji Xerox Asia Pacific Pte Ltd has completed the Scheme of Arrangement procedures under Australian law for the acquisition of CSG Limited, the IT services provider headquartered in Melbourne, Australia.
Effective as of 19 February, CSG has become a wholly owned subsidiary of Fuji Xerox Asia Pacific. Through this acquisition, Fuji Xerox aims to further expand business operations in relation to small- and medium-sized businesses (SMBs) in Australia and New Zealand, by harnessing the synergies between the two businesses in relation to the supply of office printing equipment and IT services.
CSG will continue operating with the same company name following the acquisition. Ken Sugiyama, the corporate Vice President responsible for Australia/New Zealand regional operations at Fuji Xerox, has been appointed as CSG’s new Managing Director.
Based in Australia and New Zealand, CSG provides printing equipment and IT services for the offices of nearly 10,000 client companies, mainly SMBs. While CSG has a strong foothold with SMB customers, a majority of Fuji Xerox’s business is from large enterprise customers; thus, the two companies’ businesses are largely complementary. About 90 percent of the companies in Australia and New Zealand are SMBs, and by acquiring CSG, Fuji Xerox seeks to strengthen its structure to serve a broader range of customers with optimal IT services and products.
“CSG has a strong 30-year history of working closely with local SMB customers in providing attentive sales and support in Australia and New Zealand,” said Ken Sugiyama, Managing Director of CSG and Corporate Vice President of Fuji Xerox. “CSG will hereon be able to provide those customers with innovative products and IT services owned by Fuji Xerox such as optimising the entire business operation processes. We look forward to the opportunity to help our customers resolve their business challenges and their businesses grow further.”
Categories : City News
Tags : Acquisition CSG Fuji Xerox
