The deal, which is being positioned as a "strategic merger", will enable Xeretec to offer a comprehensive range of Xerox equipment from light and heavy production equipment to office printers.
Merging with Aberdeen-based NER and Inverness-based Solution X, broadens the company's service offering in both product range and geographical spread.
According to Xeretec, the merger positions the group as the manufacturer's largest managed print service provider in the UK, and a top five Xerox reseller in Europe.
Xeretec group managing director Steve Hawkins said: "This is great news for Xeretec, NER, Solution X and our respective customers and staff, who will benefit from a stronger team and increased resources to help support the growth and development of our customers’ businesses.
He added: "The merger will build on and maximise new and existing relationships, local market knowledge and experience in the public and private sector markets.
"At the same time, the merger enables the group to remain a strong independent company focused on its customers, the service it delivers, and the value it offers."
Through the merger, John Sheran will retain his position as managing director of NER and Solution X.
He said: "Customers are assured that the merger will be seamless with no changes to their service arrangements. All current staff will be retained, and this merger should lead to an increase in staff numbers."
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
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"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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