Konica Minolta acquires SEQUOÏA subisidiaries
February 6, 2019
Konica Minolta Business Solutions France says it is strengthening its presence in the Grand-Est and Reunion Island regions by acquiring 7 SEQUOÏA Group subsidiaries.
The SEQUOÏA Group, headquartered in Metz, France, was founded by Jean-Michel GUYOT in 2006. It employs 179 staff and has a turnover of €36.5 million/$41.5 million (fiscal 2017/2018). Konica Minolta and the SEQUOÏA Group have just concluded an agreement to acquire 100 percent of the shares of the following SEQUOÏA Group subsidiaries: Sequoïa Logistique, Est Multicopie, Dyctal Bureautique, Global Bureautique, A4A3 Bureautique, REPRO BUREAU and Alliance Bureautique.
The SEQUOÏA Group grew by taking over several local structures that ensures a strong regional presence.
This operation is part of Konica Minolta’s medium-term development plan aimed at consolidating its presence in strategic regions such as the Grand-Est region, explains the OEM. In this way, Konica Minolta wishes to deploy its IT service offers as well as the Workplace Hub, its new services platform to support the digital transformation of SMBs.
At the end of this operation, Konica Minolta will hold 100 percent of the capital of the SEQUOÏA Group’s subsidiaries. Jean-Michel GUYOT remains Chairman of the SEQUOÏA Group in charge of development.
“This operation has the advantage of bringing together a very high performance distributor network that are well established locally with the power of the Konica Minolta Group. Our skill sets will enable us to meet today’s customer needs more globally through an expanded offering,” comments Jean-Claude Cornillet, President of Konica Minolta Business Solutions France.
“Konica Minolta is a historic partner that we share same strategy and values. This synergy will enable us to secure the company’s future. The SEQUOÏA Group’s subsidiaries will join an innovative company that creates added value for its customers and contributes their growth by providing them with the IT management technologies and services that optimise their efficiency,” states Jean-Michel Guyot, President of the SEQUOÏA Group
In addition, says Konica Minolta, this acquisition is consistent with the Group’s SHINKA 2019 corporate strategy as it seeks to become a leading IT services provider and IoT supplier. “The strategic direction taken by the Konica Minolta Group reflects its determination to improve work environment and customers’ performance with collaborators and innovative services,” concludes the OEM.
Categories : City News
Tags : Acquisition France Konica Minolta SEQUOÏA Group Subsidiaries
