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Business

Xerox acquires Altodigital

Cavendish Corporate Finance has advised Altodigital, an office, service and technology provider on its acquisition by Xerox Holdings Corporation.

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Xerox has acquired Altodigital, which was advised by Cavendish Corporate Finance

Altodigital was founded in 1987 and offers a range of services including print, IT communications, document management and office supplies. The firm employs around 400 staff and provides services to over 8,000 clients.  It also boasts an annual revenue of approximately £70m.

James Abrahart, chief executive officer and owner of Altodigital, comments: “Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation.”

Cavendish is a sell-side mid-market mergers and acquisitions firm and has also previously advised Annodata on its acquisition by KYOCERA Document Solutions.

Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation

Andrew Jeffs, partner at Cavendish Corporate Finance, adds: “We are delighted to have advised James Abrahart and the Altodigital team throughout this process, and we were pleased that we were able to help them secure the perfect strategic partner which shares their focus on serving the burgeoning SME [small-medium enterprise] market.

“Joining forces with Xerox will provide Altodigital’s clients access to a broader offering of technology services – a demand trend we are seeing across the ICT sector.”



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