Chandler’s Ford-headquartered workplace technology provider Agilico, which offers managed print services, information management, agile working technology, telecom and IT services, as well as some production print and wide-format technology, completed the deal – its eleventh acquisition backed by Horizon Capital – earlier this week.
The company said the deal “dovetails seamlessly with Agilico’s overall growth strategy” and follows its earlier acquisition of Invu in 2021.
It said this strategic synergy would now allow end-user customers to access a deeper level of technical knowledge and experience in the product.
Simon Davey, CEO of Agilico, said: “We have worked with YDMS for many years through our indirect channel, so we know the business and its customers well.
“This is an opportunity for us to expand the customer relationships with new products and ideas and to bring them closer to the Invu community.”
YDMS director Beverly Wright added: “Simon listened and understood what we as a family wanted to achieve for our customers and staff after many years of hard work, and we completely trust him and the rest of the Agilico team to honour those commitments.”
Martin Squier, partner at Horizon Capital, also commented: “This acquisition complements Agilico’s strategy to invest in its fast-growing software and consulting division, and we welcome all of our new colleagues and customers.”
Agilico, which now employs 500 people across 17 UK sites, has built a network of more than 14,000 customers and is developing new facilities across several of its key strategic UK sites.
It recently opened new premises in Gateshead, Tyne and Wear, the main centre of its northern operation, with a new refurbishment facility and a recruitment drive.
In addition to its strategic acquisitions, Agilico said it also has a vision for a net zero future, with a net zero 2030 commitment.
Agilico was acquired by private equity firm Horizon Capital in July 2018. It was known as the DMC Canotec group of companies prior to a unification and rebrand in 2021.
