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Apogee reveals acquisition intentions

Managed print specialist Apogee has been no stranger to making acquisitions and it has announced that there will be more to come this year

This year is only a few days old but already some of those channel players that like to make acquisitions are setting out their ambition to keep that pattern going.

Yesterday saw Chess gain access to £50m in funding from Barclays Bank and declare that it is going to use some of that war chest to support more acquisitions.

Following on from that managed print specialist Apogee has also made its intentions for the year ahead clear also talking about adding to its portfolio through acquisition.

The firm purchased Balreed five months ago and is now in a position to build on that deal as it continues to follow a strategy of growing through acquisition.

“Apogee will continue to grow its UK business in 2016 through organic growth and further acquisitions of organisations in the range of £1million to £50 million turnover," said Jason Collins, Apogee’s Joint CEO.

“Having fully integrated the acquisitions of last year we are in great shape to leverage the infrastructure we now have and will achieve double digit growth in 2016," he added.

The acquisition activity last year followed on from several deals struck in 2014, where the firm picked up Nottingham based firms Xact and Copydoc and Redditch-based PDS.

Expansion plans are not just limited to the UK and Apogee is also looking to increase its European footprint over the course of the year.

"Growing our business further in Europe also remains a key objective and we will complete an acquisition in Germany in the first half of 2016, as well as opening a new office in Paris," said Collins.

The other option for those looking for growth is to try and gain it organically and already there are signs that some channel players are flexing their muscles on that front as well.

Shift F7 has brought on board some fresh faces to support its cloud platform expansion plans as well as some senior account managers to increase sales.

“We are well placed to launch into 2016 and have ambitious plans for continued growth in our managed services, building on the investment we have made over the last few years, and looking to continue investment both in existing and acquired businesses," said Garry King, Shift F7 chief executive.

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