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Fujifilm to Buy Salmat for $387 million

August 28, 2012  By

Fujifilm Holdings Corporation of Tokyo signed a definitive agreement with Salmat Limited, described as Australia’s largest business service provider, to acquire Salmat’s Business Process Outsourcing (BPO) division.

The pending AU$375 million acquisition ($387 million in Canadian dollars) covers all the shares of Salmat Document Management Solutions Pty. Limited (SDMS), which holds 11 subsidiaries, as well as Salmat Asia Limited.

The consolidated sales and underlying EBITA of SDMS and Salmat Asia were AU$316 million and AU$49.5 million, respectively, for the June 2012 term. Established in 1979, Salmat Limited has approximately 5,000 employees
with 54 operation bases in Australia, New Zealand, Hong Kong, Singapore,
the Philippines, Malaysia, the United States and the United Kingdom.

This BPO business includes printing and delivering electricity, gas, water, and communications invoices and bank account statements to end users. The BPO operations also focus on the digitizing and automatic processing of corporate clients’ invoicing work to reduce costs, delivering information by email, as well as compiling a database of scanned paper documents and their management/storage.

The BPO market, according to Fujifilm, is predicted to grow by an average of five to seven percent per year, worldwide. The company describes BPO as the outsourcing of specific operations of corporate activities, including planning, designing and administration, to a dedicated contractor.

Noting document solutions as one of its key growth areas, Fujifilm Holdings points to what it sees as a business shift from the hardware-centric business offering multifunction devices and printers to the solutions and services business.

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