Fuji Xerox Asia Pacific has completed its acquisition of Melbourne-based IT services provider CSG Limited and says: “Through this acquisition, Fuji Xerox aims to further expand business operations in relation to small- and medium-sized businesses 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 employs 670 staff and operates out of 27 offices across Australia and New Zealand. The deal was first announced in October 2019; earlier this month, CSG shareholders voted 232 to 29 in favour of Fuji Xerox’s proposal that is focused on managed print and print solutions.
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.
“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,” Sugiyama says. “CSG will hereon be able to provide those customers with innovative products and IT services owned by Fuji Xerox such as optimizing the entire business operation processes. We look forward to the opportunity to help our customers resolve their business challenges and their businesses grow further.”
ASX trading in CSG shares was suspended on 5 February.
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| Peter Thomas, MD Fuji Xerox NZ |
Peter Thomas, managing director, Fuji Xerox New Zealand, says: “In New Zealand, the acquisition is a core part of our strategy to get ahead of a maturing print services business, expand and diversify our footprint across the industry, and create a company to better serve our customers today and into the future.
“Through CSG’s IT services company CodeBlue, Fuji Xerox will now be able to provide an advanced value proposition for cost-effective and sustainable technology solutions.”
CodeBlue, which employs about 200 staff across New Zealand and Australia, specialises in providing managed IT support and cloud services, as well as business process and business intelligence services.
“Our focus is now on integrating the companies and bringing our teams and product offerings together to deliver to the evolving needs of our customers across the country,” says Thomas.
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,” says Fuji Xerox.
