DEOS Group has successfully completed the acquisition of Redshank Managed Print Solutions. The all-cash purchase was finalised after due diligence was completed despite the challenges of the restrictions in place due to COVID.
The acquisition takes DEOS Group to a run rate for the year of c. £12,000,000 and it has additional acquisition opportunities in progress that it hopes to complete in the near term to help move towards its target of £15,000,000 in revenues by the end of fiscal 22/23.
Nick Munton, DEOS Group Managing Director said, “we’re delighted to complete the acquisition and we are grateful to Trevor, Barrie, Graeme, Pete and all of the team at Redshank for their help throughout the process and we look forward to building upon the foundations that they have already laid. There was a natural synergy for both parties as it offers our clients access to the fabulous range of HP hardware and services to complement our existing hardware solutions whilst existing Redshank clients now have access to our unique portfolio of Green Managed Print Solutions and in turn, our current clients will have the benefit of IT supplies, support and expertise on offer from the wider Redshank Group through our formalised partnership agreement.”