Annodata has bolstered its print capabilities following the acquisition of STS, a provider of managed print services. The acquisition was funded entirely by Annodata's existing cash reserves and pushes its annual revenues above £80m with over 400 employees.
Based in Wetherby STS has developed a niche in specialist print services and works with both the public and private sector organisations including William Hill, the Manchester Evening News and the Yorkshire Post.
The acquisition fills a gap in an area where Annodata has not traditionally focused - wide format specialised printing.
The additional turnover from STS is expected to approach £3m per annum.
The two businesses will be integrated in full, with Annodata's Leeds office set to be relocated to STS's offices in Wetherby.
STS's existing staff including the Managing Director Peter Langstaff will remain in situ.
Martin St. Quinton, Annodata's Chairman, commented: "STS has an impressive portfolio of longstanding customers including national and local newspaper groups and, much like Annodata, is particularly strong in the housing association market.
"Vendor agnostic and with a strong, profitable business model, STS is a great fit for Annodata."
Langstaff added: "Becoming part of the Annodata Group is good news for our staff and, importantly, for our customers, who will benefit from the additional resources and capabilities that a company of Annodata's size and breadth can offer.
"In addition, it means that suppliers will have the opportunity to pitch for a larger amount of expenditure by Annodata, given the increased revenues."