Workplace technology provider Agilico has completed a deal for Capital Document Solutions - its biggest acquisition to-date by revenue, headcount and machines in the field.
This transaction significantly expands the group’s capabilities across the UK, with more than 40,000 machines and an expanded customer base of around 13,000 SMEs.
Hampshire-based Agilico’s print division is now the largest in the UK, after an aggressive growth strategy implemented during the last four years by chief executive Simon Davey.
He explained: “Tom Flockhart and I spent two years working together on this deal to make sure every aspect of it was carefully considered.
“Though he very sadly lost his battle against cancer before we managed to complete, I know he would be immensely proud of his board and family for honouring his wishes to become part of the Agilico group.”
Pam Flockhart, board director at Scotland’s largest independent print and document management firm, said: “I am delighted that we were able to deliver on the project that dad started with Simon back in 2020, and I know he would have been very proud to see Capital take their place as part of a nationwide Agilico group.
“We look forward to working with the team at Agilico, to further strengthen and grow the business, continue to provide the highest quality service and offer new products and technologies to our customers.”
Luke Kingston, partner at Agilico's main backer Horizon, added: “Capital and Agilico share a similar ethos of customer centricity, and this combination will also enable the Capital customers to benefit from the broader workplace technology offering from the Agilico Group.”
Headquartered in Edinburgh, Capital Document Solutions also has bases in Glasgow, Dundee, Aberdeen, Inverness and Lerwick.
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