Apogee Corporation Ltd announces the acquisition of independent MPS and IT service provider based in western Germany.
Making its second German acquisition, Apogee has announced that it has acquired Kopiervertrieb Rhein-Ruhr GmbH, also known as KRR, an Oberhausen- based independent MPS and IT service provider.
KRR offers multiple manufacturer brands of multifunctional devices and print management software solutions. The company’s in-house technical operation provides both on-site and remote managed services, supporting clients across their entire network infrastructure, ranging from workstation PCs to Windows servers, NAS and archiving systems. KRR also offers customers both financing and leasing solutions.
Since it was founded back in 2012 by Managing Director Bernd Ruse, Andrea Land, Silke Püschel, and Head of Sales Frank Tilli, KRR has achieved rapid growth and will garner sales revenue in excess of €4 million in 2017. From their Oberhausen offices, the company has secured a number of nationwide clients, both commercial and public sector, based in Western Germany, and was recently awarded supplier contracts for three of the country’s farmer cooperatives, which will only serve to accelerate KRR’s development.
Jason Collins, Apogee Joint CEO said “The acquisition of KRR is a key part of the group’s strategy of expansion in Germany. We already have an operation to the north in Hanover and KRR is ideally located in the heart of western Germany. Together as part of the Apogee group they will give us great coverage in Germany and a strong hub from which we can continue to grow our operations across Europe. We have been impressed with what the management team at KRR have achieved, Bernd and Frank’s leadership and the operation they have built has won many significant new business clients in a short space of time and I am looking forward to continuing that growth as part of the Apogee Group.”
Bernd Ruse, Managing Director of KRR commented “This is a very exciting time for all of us at KRR. I’m very proud of what we have achieved since we started the business. Now as we win larger and larger contracts the support, expertise and sheer scale of resources that are available within Apogee will make a massive difference, helping us deliver a great experience to our clients and continue to grow the business across Germany. I’m looking forward to winning new business as part of the Apogee Group.”
The acquisition of KRR by Apogee is part of Apogee’s organic plus M&A growth strategy, backed by investment from Equistone Partners Europe, a private equity firm. More strategic acquisitions will follow, to enable Apogee to drive its growth in both the UK and Europe.