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DANKA ENTERS EUROPE WITH ACQUISITION OF SAINT GROUP PLC

 ST. PETERSBURG, Fla., June 21 /PRNewswire/ -- Danka Business Systems PLC (NASDAQ: DANKY), the second largest independent distributor of office equipment and related supplies and services today announced its entry into Europe with the acquisition of Saint Group PLC ("Saint") a UK office equipment company.
 Danka has been looking for a high quality copier company to initiate its entrance into the European market. The acquisition of Saint provides Danka the opportunity to extend into Europe its successful strategy of consolidating a fragmented industry. Saint, based in Hull, England, operates out of branches in Hull, Leeds and Sheffield, England; and Belfast, Northern Ireland, and is a distributor of Konica and Canon equipment.
 Saint reported revenues of 13.0 million pounds ($22.5 million) and pre-tax profits of 750,000 pounds ($1.3 million) for the year ended Dec. 31, 1992. Danka issued 1.1 million ordinary shares and paid 500,000 pounds for all the outstanding shares of Saint.
 Daniel Doyle, Danka's chief executive officer, commented, "The European copier market is approximately the same size as the U.S. market and contains opportunities that are very similar to those which existed in the United States several years ago. In acquiring Saint we have achieved our objective of finding one of the strongest management groups in the UK office equipment industry. We view Saint as the cornerstone of our European strategy."
 Martin St. Quinton, Saint Chairman stated, "Our company has been successfully developed over the last 10 years and mirrors Danka's commitment to provide the highest quality service to our customers. The combination of Saint's management team and Danka's acquisition experience will position us to take advantage of the growth opportunities that exist."
 -0- 6/21/93
 /CONTACT: William T. Freeman, 813-576-6003, or Paul G. Dumond, 011-44-71-935-4650 (London), both of Danka Business Systems PLC/
 (DANKY)


CO: Danka Business Systems PLC ST: Florida IN: SU: TNM

JB-CM -- FL001 -- 3904 06/21/93 08:23 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
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