Loffler has acquired Laser Technologies, with the merger set to “position Loffler as one of the top independent managed print dealers”.
In a press release, Loffler stated that it has acquired Laser Technologies Inc., with both companies based in Minnesota. It added that the acquisition “strengthens Loffler’s MPS division”, which already sees “annual double-digit organic growth”, and will allow Loffler to “expand and increase [its] strong position in the Minnesota and western Wisconsin marketplace”.
The deal will also see Laser Technologies’ “team of tenured professionals” move to Loffler’s headquarters, and will “expand Loffler’s sales and service force” as well as “bring a wider range of office technology and services offerings to clients”. Loffler’s partners include HP and Lexmark, and it is an HP Gold Partner, as well as a Canon, Konica Minolta and Toshiba dealer.
Jim Loffler, President and CEO of Loffler, commented: “We are looking forward to welcoming people from the Laser Technologies team as well as serving their clients in the best way possible and exceeding their expectations. I am confident Loffler’s best and brightest employees, along with many from the Laser Technology team, will combine to build on our strong foundation and improve the excellent service we offer to our current and new clients.”
Sean Carey, President and CEO of Laser Technologies, added: “We are pleased to have reached this agreement with Loffler Companies, a leader in the MPS industry in the Midwest. This exciting consolidation is the result of a broad and thorough review of our strategic options. On behalf of the Laser Technologies team, I’d like to thank our employees for their hard work and dedication and our clients for their trust and partnership over our 28 years that enabled Laser Technologies to become a recognized leader in MPS.
“This is a great day for our clients and employees, as we move forward empowered to provide best-in-class MPS services from Loffler, and be part of one of the strongest MPS businesses in the country.”