Nashua Acquires 60% Stake in Swedish Firm Prodoc Svenska AB

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Nashua Acquires 60% Stake in Swedish Firm Prodoc Svenska AB

 user 2014-02-20 at 12:14:24 pm Views: 167
  • #31514

    Nashua Acquires 60% Stake in Swedish Firm Prodoc Svenska AB
    Nashua Holdings, a subsidiary of listed firm Reunert, has acquired a 60% stake in Prodoc Svenska AB, a Swedish office automation, document solutions and workflow provider.

    Nashua and Prodoc both supply Ricoh products and rank within Ricoh International’s top five independent office automation distributors.

    Nashua said the acquisition will provide the company with growth opportunities in a new territory and first-hand knowledge of managed document solutions that it will be able to roll out to its home-market customers.

    Prodoc, which was established in 1976, has grown revenue considerably after a management buy-out three years ago. Nashua’s capital injection and expertise in franchising and its asset financing model should bolster further expansion.

    “Prodoc has a strong management team with a proven track record,” said Dave Rawlinson, CEO of Reunert Limited, Nashua’s holding company.

    “This partnership will not only provide us with access to innovative document workflow systems, but could also provide an ideal base to expand into other Nordic countries.”

    “Sweden has a strong and stable economy and is acknowledged for its innovative solutions and products. We can learn much from them,” said Rawlinson.

    Prodoc has 130 employees and strategic partnerships with several leading Swedish information technology outsourcing companies. Its product range includes managed print services, managed document solutions, video conferencing and managed office services.