Maintel has agreed to sell its Managed Print Services Business Unit to Corona Corporate Group (CCS) for £4.5m.
The deal is expected to complete around 16 April this year but is conditional on the successful transfer of a number of key customer contracts. The money will be payable in cash on completion of the sale.
Unaudited results for Maintel’s year ending 31 December 2020 showed that the managed print unit generated £3.3.m in revenue.
Maintel’s Chief Executive Officer, Ioan MacRae, said of the sale: “This disposal is another step towards creating a simpler cloud-first managed services company.
With the accelerating transformation around managed print, document and image management and document workflow, we looked at a number of options for our Managed Print Services division.
“In CCS we have found a superb home for our Managed Print customers and staff – their focus on customer success, coupled with their technical capabilities and focus on the document management market, sets them apart and we’re delighted that we’ll be working with them to bring state of the art document management capabilities to our customers into the future”
Earlier this year, Maintel found itself the subject of a takeover approach by Daisy, which it rejected.
