CSG pays $31m for slice of Canon's pie

CSG has entered into a $31 million deal with Canon Australia for the right to service approximately 10,500 Canon multifunction devices and become a dealer for the devices in Sydney, Melbourne, Canberra, Adelaide and Perth.

CSG has entered into a $31 million deal with Canon Australia for the right to service approximately 10,500 Canon multifunction devices and become a dealer for the devices in Sydney, Melbourne, Canberra, Adelaide and Perth.

"The agreement provides CSG with a unique opportunity to significantly increase the size and scale of CSG Print Services," the Australian ICT services company wrote in an ASX release yesterday (PDF).

"The Canon agreement provides CSG with immediate access to an installed customer base particularly in the large Sydney and Melbourne markets and establishes a long term dealership agreement with a world leading manufacturer."

The ICT company will be raising $10 million this year in order to finance the initial stages of the dealership and subcontractor agreement.

CSG also acquired Konica Minolta New Zealand in December last year to expand its New Zealand print services market.