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Ricoh announces two acquisitions

Ricoh announces two acquisitions

June 2, 2022

Ricoh acquires AVC to further support digital workplace transformation across the Nordics and acquires Pure AV to further extend meeting room and workplace management.

Ricoh customers across the Nordics are set to benefit from an even greater range of collaboration technologies and services through the company’s acquisition of AVC.

Founded in 1965, AVC is an AV, Unified Communication and Workplace Management specialist with headquarters in Horsens, Denmark. Boasting a strong presence in the Danish AV integrator market, AVC has 56 employees supporting around 800 customers locally and globally. The entire AVC workforce will be retained as part of the acquisition.

AVC will continue to operate under its existing name, reporting to Ricoh Denmark.

Edward Hamilton, Vice President, Communication Services, Ricoh Europe, sayid: “The acquisition of AVC supports Ricoh’s drive to lead change at work that unleashes human potential through the power and opportunity of technology. It also demonstrates our ability to empower customers in establishing effective hybrid working environments and supports their sustainability initiatives. Crucially, this acquisition enhances our provision of scalable collaboration technologies and support to enable people to work effectively regardless of location.”

Søren Krogh-Nielsen, Managing Director, Ricoh Denmark and Sweden, added: “When looking to further expand our AV and workplace integration capabilities, it was instantly clear that AVC shared our strong people focused culture. The specilaist skills and expertise of their people will ensure our customers benefit from even greater dedicated support and enhanced collaboration through leading workplace technology.”

Niels Bull, Managing Director, AVC, commented: “Ricoh has strong ambitions and we are pleased that AVC will be an important part of realising these. AVC brings Ricoh a market-leading team in the design and implementation of advanced AV solutions. In turn, Ricoh ensures that AVC can offer international reach and a broader range of products and services.

Ricoh also completed the acquisition of Pure AV in a move that further enhances its provision of meeting and workplace solutions to customers, including Unified Communications and Collaborations (UCC), AV and Workplace Management. 

Founded in 2003, Pure AV is an award-winning specialist AV integrator with specific expertise in higher education learning environments, as well as the commercial and hybrid technology markets. Headquartered in Preston, UK, the company has 72 employees operating across the UK, as well as on customer projects globally.

Ricoh will take on Pure AV’s existing sites, including its premises in Preston. The entire Pure AV workforce will be retained as part of the acquisition.

Pure AV will continue to operate under its existing name, reporting to Ricoh UK. 

Edward Hamilton, Vice President, Communication Services, Ricoh Europe, said: “This is a significant addition to Ricoh’s communication services delivery business, both within the UK and at a European level. Not only will it accelerate our organic growth in this sector, it will strengthen our technical design and delivery capability within the Corporate, Higher Education and Healthcare markets. Leveraging the specialist skills of Pure AV creates opportunities for lifelong learning and up-skilling of Ricoh’s existing employees, meaning our customers receive an even more diverse and extensive level of support.”

Phil Keoghan, CEO, Ricoh UK, added: “Pure AV has been selected based on its strong market position, engineering capability and customer base. The acquisition will enable Ricoh to expand further into this market and deliver customer projects at a larger scale, thus supporting the most ambitious digital transformation programmes.”

Peter Sutton, Managing Director, Pure AV, commented: “We’re excited to start a new chapter that will allow us to accelerate our long-term growth strategy while delivering best-in-class solutions to our clients in the UK and Europe. Ricoh’s worldwide infrastructure and end-to-end managed services expertise, combined with the strength of our design, engineering, and support services, will enable us to deliver powerful solutions on a local and global scale.” 

Categories : City News

Tags : Acquisitions AVC Business Pure AV Ricoh

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