Xerox Corp. (XRX) Acquires Groupe CT

Xerox (NYSE: XRX) has acquired Groupe CT, a leading independent document management provider in Eastern Canada.

"We're continuing to grow our presence in the North America small and midsize business (SMB) market," said Mike Feldman, president of Americas Operations and Global Document Services, Xerox. "With Groupe CT's document management services expertise and leadership combined with our portfolio of workplace solutions, we're well placed to serve SMBs focused on accelerating a digital transformation roadmap."

This is the second acquisition targeting the Canadian SMB market in the last year. In March 2020, Xerox announced the purchase of Digitex, the largest independent services, software, and technology provider in Western Canada.

"SMBs play a crucial role in Canada's economy. We are committed to helping Canadian SMBs survive and thrive in the current climate and beyond," said Martin Bachant, president, Canadian Operations, Xerox. "They need tailored solutions and to work with local market experts such as Groupe CT and Digitex, who understand their requirements and can support their growth."

"Our ambition is to provide the latest innovation and technologies to help Canadian businesses work smart," said Tomy Bélanger, president, Groupe CT. "Together with Xerox, we're in pole position to offer secure and sustainable solutions that support a dispersed and hybrid workforce."

Terms of the transaction were not disclosed.

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