This key acquisition will see M2 – one of only five nationwide independents in a rapidly growing UK sector – merge with SCC’s existing print services operation, enhancing the company’s specialist capabilities in that area and underlining its determination to increase market share through a blend of organic growth and acquisition.
Representing an early landmark in the company’s strategic plan to significantly expand and strengthen its service division, the investment will see M2’s strong recurring revenues and 180 skilled staff join the SCC brand with immediate effect although the business will remain an independent division.
“With ample capital resources available and revenues increasing across the business it is no secret that we are proactively seeking service-led acquisitions to supplement the company’s existing capabilities. I am delighted to announce the completion of the M2 deal, which I anticipate will be the first of many as SCC continues its strategic evolution,” said Chief Executive James Rigby.
“Whilst SCC has invested several million pounds in its UK data centres, technical infrastructure and Cloud capabilities, M2 brings a best-of-breed reputation and an expanding operation to a managed service proposition that now embraces everything from hosting and virtualisation to print for public and private sector businesses.”
Founded in 1992, M2 is a prominent independent nationwide managed print services player in a sector growing at around c15% pa. Recognised by leading MPS consultancies Photizo and Quocirca as a market leader with inclusion in Photizo Global Leaders Index, the company serves multiple FTSE organisations.
M2 has developed its own market-leading fully integrated service and supply-chain management platform, M2 Intelligence, which provides customers with real-time control over their entire print services.
M2 CEO John Taylor stated: “We are delighted to be joining such a leading technology business. SCC represents a fantastic opportunity for M2 to achieve its next level of ambitious growth, with a business owner that understands the technology market and has the vision to see us become Europe’s largest MPS business.”