Managed IT and print specialist EFEX has acquired Queensland’s Think Office Technology for an undisclosed sum, with the companies merging to form an 11-bureau managed services and print powerhouse.
The deal, revealed to CRN, will bring together Think’s eight locations from across Queensland along with its more than 70-staff workforce into EFEX, to create a combined company with an expected annual turnover of more than $65 million and a headcount of about 115, according to EFEX managing director Nick Sheehan.
Think’s branches in Cairns, Townsville, Mackay, Emerald, Gladstone, Brisbane, Sunshine Coast and Toowoomba will join EFEX’s current footprint of three offices to form an 11-branch network spanning from Adelaide in the south to Cairns in the north.
Sheehan told CRN that Think, currently a subsidiary of ASX-listed Flexigroup, was Konica Minolta’s biggest dealer in Australia and that EFEX was one of Kyocera’s biggest. He said the merger would create a strong business footprint across a greater geography, including regional Australia. read the rest here