Altodigital Neworks Limited / Xerox (UK) Limited
Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A firm, has advised Altodigital, the UK’s largest independent office, service and technology provider, on its acquisition by Xerox Holdings Corporation (Xerox).
Founded in 1987, Altodigital has a national UK footprint offering a range of products and services spanning print, IT, communications, document management and office supplies. The company employs around 400 staff and provides comprehensive managed services to over 8,000 clients. With an annual revenue of approximately £70m and nationwide reach, Altodigital represents the perfect partner to grow Xerox’s offering to small and midsize businesses seeking a modern work experience.
James Abrahart, CEO and owner, Altodigital, said:
“Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation,”
Cavendish has extensive experience in the technology sector in the UK, including in print and ICT managed services. Previously the Cavendish team advised the shareholders of Annodata on its acquisition by KYOCERA Document Solutions (“KYOCERA”).
The Cavendish Corporate Finance team was led by Andrew Jeffs, Partner, Business Services.
Andrew Jeffs commented:
“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 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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