Print giant makes an impression with acquisition splurge

Horizon backed DMC has bagged three managed printing services companies, picking up Condor Office Solutions, Systems Technology and CSL Business Machines.

Both Condor and Systems Technology are southern-UK Canon Platinum partners, and CSL is a Konica Minolta Elite partner serving customers across the midlands.

Horizon Capital invested in DMC in July 2018 since when the group has made five acquisitions, diversified its offering and expanded its geographic reach across England.

London-based DMC acquired managed print provider United Carlton last June.

The group says it now supports more than 10,000 customers across the UK and generates revenues of £65m.

“The DMC group has a clear strategy to consolidate the fragmented MPS sector,” said DMC CEO Simon Davey. 

Luke Kingston, Partner at Horizon Capital, added: “DMC was the first investment made by Horizon. We will continue to support DMC in supplementing the organic growth of the business with acquisitions in what is a highly fragmented market.”

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