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Onesource Group Acquired By Leading Australasian IT Services And Print Solutions Provider
Evan Johnson CEO Onesource
CSG Limited of Australia has announced today that it has acquired the Onesource New Zealand businesses which include Konica Minolta Business Solutions New Zealand Limited and Leasing Solutions Limited for $132m NZD.
Konica Minolta New Zealand, a market leader in the provision of document management and print solutions, along with specialist equipment financing company Leasing Solutions Limited, has been sold to leading IT services and print solutions company CSG Limited of Australia.
CSG is one of Australia’s leading IT services companies providing end to end integrated technology solutions in all major Australian markets. CSG is the largest independent document solutions provider in Australia and the only ASX listed company head-quartered in the Northern Territory. CSG has significant expertise in the provision of integrated technology solutions to business and government.
The transaction has the full support of Konica Minolta Business Technologies in Japan, which will retain its 10% shareholding in the New Zealand business, as part of a long term joint venture relationship that ensures exclusive distribution and support of Konica Minolta products and services to the New Zealand market. It also facilitates direct access to Konica Minolta’s substantial research and development and manufacturing resources in Japan.
CSG is acquiring Onesource from the management buyout team led by Evan Johnson, which purchased the businesses in 2005.
Onesource chief executive Evan Johnson says the Konica Minolta and Leasing Solutions businesses have prospered under the current ownership structure and management team. Despite a difficult recessionary environment in recent times the businesses have continued to develop, grow and produce strong returns. Having come through the recession in good shape the businesses are well positioned for the future.
Mr Johnson says that teaming up with one of Australasia’s largest IT and print services companies and retaining the continued support of Konica Minolta Business Technologies in Japan will position the New Zealand business very strongly for continued success and growth. We are passing from one successful ownership structure to another – with an opportunity to build on the great results we have achieved in the past several years.
Mr Johnson will retain his role as the Managing Director of the New Zealand businesses and will join the CSG Australasian Steering Committee to support the development of the CSG business on both sides of the Tasman. “This is an exciting opportunity for our business as we combine our leadership position in New Zealand alongside a highly skilled team in Australia with the resources, the ability and the desire to embark on a significant growth programme.”
Mr Johnson will join a high powered team of print industry experts; including Philip Chambers, the current Chairman of CSG and ex Managing Director of Fuji Xerox Australia; David Ward, the ex head of Sales and Marketing for Fuji Xerox Australia; and Denis Mackenzie, the CEO and foundation shareholder of CSG. This team has worked together in the past very successfully and are looking forward to the opportunity to join forces again to set the market alight.
“From a customer viewpoint, the new ownership has a number of advantages,” Evan Johnson says. “Clearly CSG has significant financial strength and views Konica Minolta New Zealand as a long term, strategic business. The keys to success in the document solutions market are providing tangible value for customers, and matching high quality products with outstanding levels of service and support. We have excelled in all these areas in a difficult climate and we will continue to invest to ensure we stay at the top.”
Both Konica Minolta New Zealand and CSG are the largest independent document solutions providers in their respective countries. There are clear synergies between the two businesses. Evan Johnson says that the new ownership is extremely exciting for staff and customers.
According to Philip Chambers, “Onesource was a standout acquisition target due to its outstanding performance in the New Zealand market and the high calibre of the management team.”
The New Zealand businesses will continue to operate as independent operating companies within the CSG group.
Ends.
About CSG Australia
CSG Limited is one of Australia’s leading IT services and print solutions companies providing end to end integrated technology solutions in all major Australian markets including the Northern Territory, New South Wales, Queensland, Victoria, Australian Capital Territory, South Australia and Western Australia.
CSG is the largest independent document solutions provider in Australia.
CSG is the only nationally listed company head-quartered in the Northern Territory. CSG is the largest ICT Company in the NT with significant expertise in the provision of integrated technology solutions to business and government.
Their client base is broad and covers both government, small to medium and large enterprises in the Northern Territory, Western Australia, New South Wales, Victoria, South Australia and Queensland.
CSG offers services through three main business units: Managed Services, Enterprise Services and Print Services.
Konica Minolta Business Solutions New Zealand
Konica Minolta Business Solutions New Zealand Limited is a unique, independent, Australasian-owned and operated business. Our clients benefit from our local management presence and ownership. Through our previous incarnation, U-Bix, we have been working with New Zealand businesses for over 35 years, helping to efficiently manage information flow and harness new document technology.
90% of Konica Minolta New Zealand is owned by CSG Australia. CSG Limited is one of Australia’s leading IT services and print solutions companies providing end-to-end integrated technology solutions in all major Australian markets. CSG is the largest independent document solutions provider in Australia and the only nationally listed company head-quartered in the Northern Territory. CSG has significant expertise in the provision of integrated technology solutions to business and government, clearly complimenting the Konica Minolta New Zealand business.
10% of our company is owned by the Konica Minolta Business Technologies, Japan. This connection gives us access to world acclaimed solutions, research and development, while still allowing us to service and support our customers with an award winning local service team.
Our goal is to be New Zealand’s leading printer and document solutions company; already we lead the market in solutions integration, office colour, production print and black and white printer/copiers and are now well placed to further consolidate our leadership position.
In addition to our connection with Konica Minolta in Japan, we have long-standing partnerships with other international technology leaders such as Oce, Hewlett Packard, Oki, Toshiba, Monitor, Create/Form, Alto and Alchemy. In fact, we have the most extensive hardware and software range in New Zealand.
Leasing Solutions Limited
Leasing Solutions provides leasing products for office technology equipment. Key customers include Konica Minolta New Zealand and other businesses such as Cogent Zintel, who operate in the telecommunications market.
Leasing Solutions commenced operations in 1995 and has been successfully managed by experienced financier, Peter March since 2002. Leasing Solutions is a stand-alone business in New Zealand
About Konica Minolta Corporation
Konica Minolta Holdings, Inc., is a global market leader in digital copying and printing. The group was formed on August 5, 2003 following an exchange of shares between Konica Corporation and Minolta Co., Ltd. The merged entity has five operating companies and two ‘common function’ companies (research and development, and management support services).
Largest of the operating companies is Konica Minolta Business Technologies which carries out manufacturing, sale and related services of copiers, printers, facsimiles and related supplies. Other operating companies handle optics, photographic materials and film technologies for medical and graphic imaging. In the latest quarter, Konica Minolta Business Technologies reported net sales of 144 billion yen, making up a substantial portion of the consolidated net sales for the group of 262 billion yen.
Tags: Alexander Communications, CSG Limited, Dwayne Alexander, Evan Johnson, Josh Byers, Konica Minolta, Leasing Solutions Limited, media, Onesource Group, PR
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