Deal estimated will add £3.5m a year to Capital's turnover
Print specialist Capital Document Solutions has acquired Highland Office Equipment for an undisclosed sum.
All 31 employees of Inverness-based Highland Office Equipment will stay with the business.
Capital said the acquisition will complement its existing operations in Edinburgh, Glasgow, Dundee, Aberdeen and Shetland.
Tom Flockhart, founder and managing director of Capital, said this latest acquisition was part of a wider strategy to drive turnover to £30 million by 2015.
He said: “The addition of Highland Office Equipment significantly expands our geographical reach and increases our number of employees to 200 across six operations, each serving and supporting its own area.
“Highland Office Equipment is a company we’ve respected and been associated with for many years.
“Like us, it has built its reputation on supplying market leading brands backed by first class service and support since being established in 1974.”
He added: “We’re looking to invest in the expansion of our new Inverness office, supporting local businesses and organisations in both the private and public sectors, while keeping on top of changes in our fast moving industry.
“We will use our firmly established infrastructure and experience to provide our products and services to the whole of Scotland – from the Borders to Shetland.
“This is an exciting time for Capital and our new Inverness operation will have a very important part to play as we progress to achieve our target of £30m turnover for the business by the end of 2015.”
Capital said turnover for the year to December 2012 rose 14 per cent to £16.5 million, and the acquisition of Highland will raise turnover past the £20 million mark.