DCC acquires Advent

BUSINESS support services firm DCC has acquired electronic office supplies comapny Advent Data in deal which could eventually be worth £25m.

Irish firm DCC has initially paid £10.2m for the Elland-based firm with further payments of up to £15m to follow depending on trading results over the next three years.

Advent distrubutes inkjet and laser print cartridges from suppliers such as Brother, Canon, Dell, Epson, Konica Minolta, Lexmark and Samsung to more than 1,000 customers each year and employs 111 people.

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DCC chief executive Tommy Breen said: “Advent is highly complementary to DCC SerCom’s Reseller distribution business in the UK in terms of product range and customer base.

“This acquisition will significantly strengthen DCC’s market position in the electronic office supplies market.”