COPYTREND GROUP ACQUIRES THE INTELLIGENT PRINTING SOLUTION GROUP
The Copytrend Group, which is a market-leading, specialised scanning, plotting and printing service provider, has acquired 100% of the shares in the IPS Group as part of a succession plan. Founded in 1992, IPS has three locations in Zurich and Zug and predominantly operates as an exclusive outsourcing service provider for in-house document management solutions for well-known industry clients. In this way, IPS is an outstanding addition to both the regional and industrial presence of the Copytrend Group in the German-speaking region of Switzerland. The acquisition took place in close cooperation with the owner family and with the common goal of developing new customer business for the group of companies in an attractive industrial area in future.
Markus Bieri, CEO of the Copytrend Group: ‘The acquisition of IPS has enabled us to develop our regional presence in the financial centres of Zurich and Zug. In addition, we have now increased our activity as an outsourcing service provider for customers within the industry and are planning to develop this business further with the support of the founder. As part of this process, Sancovia was a valuable partner and provided us with competent advice throughout the process.’
Sancovia supported the purchaser as an exclusive M&A consultant throughout the entire purchase process up to the point of closing.