Xeretec announces acquisition of First Copy

Xeretec, a provider of managed IT and print services and the UK’s largest Xerox partner, has announced the acquisition of long-standing Xerox vendor, First Copy.

According to Xeretec, the acquisition of First Copy aims to strengthen its market position and enhance its reach, reinforcing its place as one of the largest Xerox partners in Europe.

Xeretec also stated that the acquisition will combine First Copy’s community involvement and local service with Xeretec’s broader national infrastructure and its capabilities across print and IT.

Both businesses share a parallel history, having been founded within days of each other in 1991. Based in Cambridge, First Copy provides a large fleet of printers and managed services to businesses, schools, and charities in the East and South of England.

The news comes as Xerox recently announced the completion of its acquisition of US manufacturer, Lexmark, which will significantly expand its core print portfolio. The transaction, first announced in January, was valued at time of purchase at $1.5bn (£1.2bn) inclusive of net debt and assumed liabilities.

Steve Hawkins, chief executive officer of Xeretec, says: “First Copy has built its reputation on trusted relationships and dedicated local service.

“We’re proud to carry that forward – while introducing the added strength of Xeretec’s broader offering. From award-winning print expertise to a full suite of IT services, we’re here to deliver even greater value, insight, and support to help customers succeed in a rapidly evolving digital world.”

Xeretec, which is a Platinum Xerox partner, has evolved in recent years into a comprehensive managed IT services provider. It offers a broad portfolio that includes digital workspace solutions, cybersecurity, unified communications, software licensing, and IT hardware procurement, with access to hundreds of vendors.