- Acquisition of Cominformatic gives Anacomp leading COM market share in
Switzerland, along with advanced digital solutions -
SAN DIEGO, Oct. 16 /PRNewswire/ -- Anacomp, Inc. (Nasdaq: ANCO), a leader
in information delivery systems and services, today announced that it had
acquired all of the stock of Cominformatic AG, a leading Swiss provider of COM
services as well as COLD and imaging digital solutions.
Cominformatic is a diversified information solutions company based in
Zurich. The company is the largest provider of Computer-Output-to-Microfilm
(COM) services in Switzerland. In addition, Cominformatic has emerged as a
competitive provider of digital document management systems based on COLD and
imaging technologies.
"The acquisition of Cominformatic represents a strategic investment by
Anacomp into the European marketplace," noted Ralph W. Koehrer, Anacomp's
president and chief executive officer. "Until recently, Anacomp has not
operated service centers in Europe and traditionally has focused on selling
COM equipment and supplies to customers. Not only is Cominformatic the
leading Swiss provider of COM services, but their infrastructure provides us
with an opportunity to introduce our ALVA(TM) CD services into Switzerland.
"Just as important, Cominformatic has established itself as a respected
provider of advanced COLD and imaging digital solutions," continued Koehrer.
"We believe Cominformatic's digital products, know-how, and support structure
provide a strong platform for expanding these solutions into other regions of
Europe where Anacomp does business."
"All of us at Cominformatic are looking forward to being part of the new
Anacomp," commented Paul Signer, president of Cominformatic. Signer has been
appointed country manager of Anacomp's new operations in Switzerland, and he
will lead the expansion of Cominformatic's COLD and imaging solutions into
other parts of Europe. "Anacomp's excellent ALVA product gives us an
opportunity to provide CD services to our current COM customers. In addition,
Cominformatic's successful digital systems will be an attractive alternative
for much of Anacomp's customer base throughout Europe."
Anacomp operates subsidiaries in most major European countries and has
distributors throughout the region. Cominformatic, which does business only
in Switzerland, has annual revenues of approximately $14 million. The terms
of the acquisition were not disclosed.
In other developments, Anacomp announced that it has acquired the COM
maintenance business of Shell Knob Services, Inc., along with the portfolio of
used COM equipment owned by an affiliated company. No further details were
provided.
Serving customers throughout the world, Anacomp provides products and
services that manage corporate information throughout its life cycle.
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