Foreign-owned IT and office supplier, Corporate Express, is blazing an acquisition trail through Australia’s regional IT communities.
It recently snapped up two resellers and is on the verge of closing another dealer acquisition.
In a push to expand its IT solutions business in regional areas across the country, the ASX-listed company acquired computer and office supplies reseller, Pencraft, two months ago and, most recently, bought northern NSW reseller Parrys.
Office equipment supplier, Parrys, has stores in Lismore, Ballina and Grafton while Pencraft has shops in Dubbo, Orange, Mudgee and Bathurst.
Managing director of Australian operations, Grant Harrod, said that although e-commerce sales made up 56 per cent of Corporate Express’ business, it was critical to have a bricks and mortar presence in regional areas.
“We have a pipeline of acquisition opportunities coming up,” he said.
Harrod confirmed that Corporate Express was currently negotiating the acquisition of another reseller based in Hobart and expected the transaction to be completed within the next two weeks.
Corporate Express distributes a range of IT and office equipment across Australia through its chain of wholly-owned stores and does not engage in partnerships with resellers. The company also produces its own range of office products that carry the EXP brand.
More in this week's edition of ARN.