Sector:

Business Services

Investment year:

2018

Year of sale:

N/A

From the first meeting, we felt Horizon would be a natural fit and it was clear they understood our values and ambitions for the business.

Jon Hill

Business

DMC Canotec is a provider of managed print, archive and document systems to more than 2,000 UK clients across the SME market.

In addition to supporting customers with the maintenance and uptime of their MFDs, DMC offers a unique solution in streamlining operations in order to drive efficiency and increase productivity. With the ever increasing importance of data security, DMC’s solutions ensure that printing infrastructure is secure and seamlessly links with the wider IT suite.

Market

The UK managed print services sector is expected to grow by 3-4% annually over the coming years driven by increased penetration and the desire for further sophistication in how businesses manage their document management solutions. With more than 300 independent managed print services companies in the UK, DMC is looking to take advantage of a fragmented market and consolidate its position as a market leader.

Strategy

Having invested in July 2018, Horizon are working with DMC’s management team to deliver both an organic and acquisitive growth strategy:

  • Both management and Horizon have identified a significant number of acquisition targets that will increase market share and extend geographic footprint.
  • Continue to win new business in verticals of strength
  • Horizon is providing expertise in order to strengthen sales and marketing capabilities
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