Staples Business Unit acquires Kyocera Printer Partner
DEX Imaging, the digital document imaging arm of Staples, has acquired partner Kyocera Gulf Business Systems (GBS). Financial terms of the deal were not disclosed.
This is technology M&A deal number 738 that ChannelE2E has covered so far in 2022.
DEX Imaging, founded in 2002, is based in Tampa, Florida. The company has 911 employees listed on LinkedIn. DEX’s areas of expertise include document imaging equipment, workflow processes, data archiving and data disaster recovery.
Gulf Business Systems, founded in 1972, is based in Sarasota, Florida. The company has seven employees listed on LinkedIn. GBS areas of expertise include MFPs, copiers, printers, scanners, large format printers, business applications and industry-specific solutions.
GBS was acquired by current chairman and owner Martin Hyde in 1997. Staff from the company will join DEX Imaging, the buyer said.
DEX Imaging Acquires Gulf Business Systems: Leadership Insight
In a prepared statement about the deal, Martin Hyde, Chairman and Owner of GBS, commented:
“We are thrilled to partner with a company that shares our same quality value proposition. DEX Imaging’s track record of innovation and service excellence is one of the many reasons we chose DEX for this transaction. We’ve worked hard for over five decades to build a legacy of quality, and now with DEX at the helm, we’ll be able to continue that legacy into the future.
Dan Doyle Jr, CEO, Dex Imaging, added:
“The acquisition of GBS provides us with a seamless expansion into Sarasota, where we have had a strong market presence since 2005. GBS customers will now not only enjoy the benefits provided by DEX Imaging’s talented service teams, but will also have the advantage of choosing from a wider variety of best-in-class software products and solutions.
About DEX Imaging
DEX Imaging was actually acquired by Staples in February 2019 for an undisclosed amount.
Company President and CEO Dan Doyle Jr. and Chairman Dan Doyle Sr. remained on board to continue running the company with his existing management team. DEX sells printers, copiers and scanners, as well as document management software.