Xerotech Announces The Acquisition Of Altron Document Solutions
Xerotech Announces The Acquisition Of Altron Document Solutions. Altron has announced that Altron Document Solutions and its associated subsidiary in the Eastern Cape, Genbiz Trading 1001 Proprietary Limited has been sold to Xerotech Proprietary Limited, a subsidiary of Bi-Africa Investment Holdings Proprietary Limited.
The disposal of the ADS operating division is aligned to the Group’s 2.0 strategy and the decision to dispose of the ADS business will result in a greater focus on Altron’s core ICT businesses which still remain in the portfolio of companies.
The ADS business provides office printer technology solutions and services in South Africa and Sub-Saharan Africa.
ADS has been the strategic partner for Xerox Limited (“Xerox”) in these markets, distributing and servicing Xerox office automation and high-volume production products and solutions for more than 20 years. Additionally, ADS distributes Duplo finishing equipment and Fujifilm inkjet production machines in the local market. This high invested-capital business is no longer core to Altron’s operating model.
Altron Document Solutions is the world’s largest Xerox distributor and Africa’s leading technology and services company. It markets and services the complete range of Xerox document equipment, software solutions and services to 26 sub-Saharan Africa countries. Altron Document Solutions forms part of the JSE-listed Altron group.
Xerotech is a startup that develops all battery technology in-house as it has a very strong culture of engineering and testing. The company continuously adds new capabilities and highly skilled individuals to the organisation to make sure that it can do everything in-house. Doing things in-house means that the company can move faster and make changes more easily. It wants to be a one-stop-shop for integrated battery systems. Owning the design and engineering process is the only sure way to control quality, timelines and cost.
