Danka finalizes acquisition of Infotec.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dec. 8, 1995--Danka Business Systems PLC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DANKY) Friday announced that it has finalized the acquisitions of Infotec Europe B.V. and its operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. ("Infotec") for consideration of Dutch florins 270 million ($167 million). The acquisitions were financed through the company's existing bank credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities . Infotec is one of Europe's largest independent suppliers of photocopiers and facsimile equipment and related service, parts and supplies. Infotec markets a full range of Ricoh products under the Infotec brand name through direct operations located in Germany, the United Kingdom, France, Italy, Denmark, Belgium and the Netherlands, as well as a network of dealers in these and other European countries. Danka is one of the largest and fastest growing independent suppliers of automated office equipment and related services and supplies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the United Kingdom. Danka recently made its first entry into Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. earlier this year, through the acquisition of Reprotechniek, a Toshiba distributor based in the Netherlands. CONTACT: Danka Business Systems PLC, St. Petersburg William T. Freeman, 813/576-6003 or Paul G. Dumond, 011-44171-603-1515 |
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