CSG and Fuji Xerox first announced the proposed acquisition under a Scheme Implementation Deed in October 2019.
Fuji Xerox Co., Ltd. announced that its subsidiary Fuji Xerox Asia Pacific Pte Ltd has completed the Scheme of Arrangement procedures under Australian law for the acquisition of CSG Limited, the IT services provider headquartered in Melbourne, Australia.
Effective as of 19 February, CSG has become a wholly owned subsidiary of Fuji Xerox Asia Pacific. Through this acquisition, Fuji Xerox aims to further expand business operations in relation to small- and medium-sized businesses (SMBs) in Australia and New Zealand, by harnessing the synergies between the two businesses in relation to the supply of office printing equipment and IT services.
CSG will continue operating with the same company name following the acquisition. Ken Sugiyama, the corporate Vice President responsible for Australia/New Zealand regional operations at Fuji Xerox, has been appointed as CSG’s new Managing Director.Denis Mackenzie