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04.06
11:51:10

Xerox completes acquisition of Veenman - Netherlands (the)

Xerox has completed its cash acquisition of Veenman B.V. for $68 million (€43M). The acquisition pairs Xerox's portfolio of document products and services with Veenman's distribution capacity in the Dutch small- and medium-sized business (SMB) market. Xerox will more than double its sales force and gain access to more than 4,000 SMB customers in the Netherlands.
 
Veenman focuses on SMB customers through six office locations in the Netherlands that sell and service document management systems such as printers, copiers and multifunction devices. As the country's leading independent office technology reseller, Veenman sells products from various suppliers, including now Xerox.
 
Over the next few months, Veenman will begin to offer a broad range of Xerox office products and supplies, including Phaser and WorkCentre printers and multifunction systems that print, copy, fax and scan. Xerox has initiated a step-by-step training program for Veenman employees to sell and support the Xerox portfolio.

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