The acquisition has received government approval. Terms of the transaction were not disclosed.
Hervé Tessler, President of EMEA Operations, Xerox said, “building on our success in the small and midsize business (SMB) market in the US., we’re now expanding our strategy to Europe. With the acquisition of Arena Group, we will be uniquely positioned to offer workplace solutions in one of the fastest-growing managed print services segments in Western Europe.”
Adrian Fitzpatrick, Managing Director, Arena Group added, “there is no better time to join Xerox, a company undergoing a digital-first transformation and investing in the future. With our complimentary client bases and Xerox’s comprehensive portfolio of offerings, we will be able to address the growing needs of the SMB market together.”