KBS Corporate Oversees Acquisition of Photostatic Anglia Limited
Founded in 1981 Norfolk- based Photostatic Anglia Limited supplies and services printers and photocopiers. Over the years, Photostatic Anglia has developed a loyal customer base with approximately 85% of customers providing repeat business.
Following initial discussions with the shareholders KBS Corporate implemented a diverse research strategy, with a primary focus on trade buyers. KBS Corporate was perfectly placed to also utilise access to professional networks. This generated interest from several trade buyers and small investment buyers.
The successful offer came from Netbox Digital Limited, a provider of printing, copying and scanning solutions based in Kent. The acquisition marks Netbox Digital’s first office based outside of Kent and is a key move in the company’s geographic expansion. In recent years Netbox Digital has seen high levels of success including repeatedly being recognised as one of the ‘Mega Growth 50’ businesses in Kent. In 2015 Netbox Digital diversified their offerings with the introduction of Netbox Recruitment which was followed by Netbox Managed IT Services Ltd.
Netbox Digital Managing Director, Paul Crewe, comments: “The acquisition of Photostatic Anglia Limited signals an incredibly exciting new chapter for Netbox. The level of growth we have achieved in Kent and the South East has been well documented and has provided the ideal base from which to start expanding our presence into other areas of the country. Norwich and the surrounding area offer enormous business potential with a thriving local economy and an abundance of successful local firms. We also have total confidence in the excellent reputation set to date by Photostatic Anglia Ltd in their service with their clients.”
Sales Director at Netbox Digital, Gareth Brown, added: “Challenges have undoubtedly presented themselves from the economic impact of the Coronavirus pandemic and will of course have been felt across the economy as a whole. However, we firmly believe that despite this economic backdrop, there is still significant opportunity for growth, both locally and further afield.”
KBS Corporate advised Photostatic Anglia Limited throughout the process.