Corporate Express NV and Xerox Corporation have reached an agreement on the takeover of Veenman Nederland by Xerox.
The activities of Veenman Nederland comprise of selling and servicing non-impact printing equipment of hard copy and electronic documents. The company employs over 300 employees. The cash proceeds amounted to EUR 43 million and will be used for debt reduction.
Peter Ventress, CEO Corporate Express: “This divestment represents a further step in our drive to become a more focused Global Office Supplies company. We continue to pursue our clear growth strategy as outlined in October 2007.”
The activities of Veenman Germany were sold in 2007.
The transaction is expected to close later in the year and is amongst others subject to approval by the Dutch anti-trust authority.