Xerox resumes
Dinosaur copier giant Xerox has resumed its acquisition activity of MPS or MTS dealers in US and UK. It just confirmed the acquisition of a small UK managed services provider under the guise of a digital services drive....
CCS Media sales
UK #1 independent broadline business supplier CCS Media reached £280m ($350m) sales in 2022. Another year of powerful double digit growth. CRN speaks with MD James Hardy about long term investments in people development and expanding into cybersecurity, AV collaboration and hybrid work services
$1Trillion in GMV sales, Amazon is expanding availability of its “Buy with Prime” button. Starting 31Jan, more resellers can offer the benefits of a Prime subscription, e.g. free next-day delivery from their own webstores. Once again, Amazon leads in new development of broadline business supply wholesaler services for independent local dealers...
TDSynnex stalled.
Synnex, the now #1Global IT wholesaler acquired TechData in Q3'21, recovered from serious Asian supply problems, but is now suffering slower demand. CEO Rich Hume commented minimalistically about flat volume growth in its Q4'22 financial review. We review the more comprehensive analysts' Q&A session. Updated
Global PC market
“Q4'22 PC market results were hurt by continuing supply challenges” according to market rearcher IDC. "Despite serious demand declines we believe the market has the potential to recover in 2024 and see pockets of opportunity throughout 2023." commented Ryan Reith, GVP of Worldwide Mobility
RS Pro Industrial
RS Group the $3.7Bn in sales, intermational industrial and electronics distributor just issued a trading update for Q3'23 ended 31Dec'22. The acting ceo David Egan claimed market share growth in its core industrial supply segment, but broader industry analysis would question this statement
Asteria acquisitions
European labels and packaging group Asteria has made its second acquisition in the UK. Since the private equity group Waterland joined label specialist Accent, the Belgian company has grown into a group with 850 employees in seven countries.
Complete saved
VC Endless owned EVO Group, the UK hybrid wholesaler-contract stationer, confirmed the acquisition of its #1 customer & competitor
Complete Business Solutions from the administrator. This was expected given the level of indebtedness and being its wholesaler VOW's biggest customer. But, what does the future hold for embattled EVO's struggling leadership?
Envoy's 29th acq:
The hygiene & packaging market continued to rage in M&A activity! Advent's Imperial Dade & FEMSA's Envoy Solutions lead the way in rolling up US regional jansan and packaging dealers. Envoy ceo Mark Fisher just announced the acquisition of a key Mississippi based packaging reseller (Its 29th to date).
C E S 2 0 2 3
The foldable future is now? Lenovo's ThinkBook Twist, Samsung's Flexnote and Odyssey expensive screens; Sony new Afeela Honda EV's, Logitech webcams. The Verge reviews all the latest and greatest productivity devices at #CES2023 in Las Vegas. Full report tomorrow
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