mergers & acquisitions 
Leading New Zealand technology company Onesource Group Limited has purchased Australia’s largest independent document solutions provider, Danka Australia Pty Ltd, to expand its technology integration offering in Australasia. It is the group’s second major acquisition in six months following a management buyout in August last year.

Office technology solutions are sold and supported through the group’s operating divisions: Konica Minolta Business Solutions New Zealand and Cogent Communications

Danka is Australia’s largest independent distributor of printer/copier hardware and software and has been providing document management solutions throughout the country for many years.

Onesource chief executive Evan Johnson says Danka currently turns over A$80 million per annum, which will significantly boost the revenue and profit base of Onesource Group.

“This purchase is a significant step forward. Post acquisition, Onesource Group’s annual revenues will be approximately $250 million and we will have around 1,000 staff across Australasia,” he says.

“Danka has enormous potential to become a leading player in the document solutions industry and it will be managed by Onesource as a stand alone business. We will now immediately pursue plans to leverage the group’s strong position in digital printing and copying across Australia.”

Danka currently has more than 300 staff throughout Australia and a customer base of 20,000 clients and Johnson says Onesource is firmly behind the plans to further expand the Danka business. In New Zealand Onesource has more than 700 staff at 15 branches and offices nationwide.

Onesource Group is owned by its senior management team with the support of Archer Capital, a private equity investment company from Australia.