Xavier Cortes and Ramon Martin celebrate the acquisition
Ricoh Europe has announced the acquisition of IPM in Spain and Totalstor in Portugal (through 100 percent shares acquisition) to further extend its IT Services capabilities.
Ricoh customers will benefit from an even more extensive range of IT Services solutions and support, the OEM said. The IPM and TotalStor business includes the transformation and modernisation of critical IT infrastructures, data storage and analytics in private and hybrid cloud, data protection, disaster recovery and virtualisation, among others.
Both companies recorded total revenue of €71 million ($79 million) in 2018 and have a significant national and international customer base, according to Ricoh. The brands will operate independently under the names IPM, a Ricoh Company in Spain and TotalStor, a Ricoh Company in Portugal.
Ricoh said that the purchase of IPM and Totalstor is a key part of its acquisitions strategy to provide even greater customer benefits. Previous IT Services acquisitions include the Ridgian companies in the field of analytics, Aventia for user experience and ecommerce, Techno Trends in the field of unified communications and video conferencing systems, and LAKE Solutions AG for data storage, security and cloud integration.
“In Europe, Spain and Portugal we are successfully executing Ricoh’s business transformation plan, expanding our key IT solutions and services to become a leading player in digital transformation. Our goal in Spain and Portugal is for the IT business to represent 40 percent of Ricoh’s turnover by the end of fiscal year 2020,” explains Ramon Martin, CEO of Ricoh Spain and Portugal.
Alberto Mariani, Senior Vice President of Office Services, Ricoh Europe, adds: “These exciting acquisitions further strengthen our thriving IT Services business. They align to Ricoh’s growth strategy and commitment to expand globally in IT Services by enhancing high end storage, data centre and Hybrid cloud capabilities.”
Xavier Cortés, chairman of IPM and TotalStor, comments: “After almost 40 years at the helm of IPM and TotalStor offering critical IT infrastructure services, a very exciting new phase is now opening up that we are convinced will help boost the business. Being part of the Ricoh Group guarantees the sustainability that all our stakeholders – customers, suppliers and employees – need.”
