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Aftermarket print consumables vendor KMP has appointed the son of CEO Jan-Michael Sieg to head its Parts Depot subsidiary. Jonas Sieg has been in charge of the business since 1 September. He is the grandson of KMP founder Hans Sieg, while his father has been CEO of the company for almost 24 years. A recent
At the end of September, European aftermarket print specialist Armor announced the acquisition of THS, a Germany-based group that offers solutions in printing consumables, spare parts and MPS software for photocopiers and printers. Speaking to OPI shortly after the deal was announced on 28 September – although it closed at the start of August –
Xerox is embarking on a multiyear transformation plan it is calling Reinvention. Reinvention, which was announced as the company published its Q3 2023 earnings, is being touted as a simplification of the OEM that will “facilitate Xerox's shift from a leader in print technology to an unparalleled technology and service provider”. While the firm said
Tech products and solutions provider Logitech has raised its FY24 outlook after its Q2 results came in ahead of expectations. The company has been suffering from steep post-COVID revenue declines in the past few quarters. While Q2 sales of $1.06 billion still represented a 9% constant currency drop, they were ahead of previous forecasts. At
Cartridge Technologies (CTI), a major supplier of MPS solutions for the US federal government, has been acquired by CenterGate Capital. Middle-market private equity firm CenterGate has bought CTI from another investment firm, Broadtree Partners, which had purchased the MPS provider in 2020. Founded in 1990, CTI is a contractor to the federal government and provides