22nd September 2016.
The Ethos Group continues its expansion of its managed print business with the acquisition of graphic arts specialist London Graphics Systems.
The Ethos Group has acquired London-based Managed Print specialists, London Graphics Systems ("LGS").
Based in Covent Garden, London, LGS are a very successful graphic arts and content management specialist. With several hundred customers based predominantly within the Central London area, LGS’s clientele includes some of the largest advertising and media companies and public bodies.
The acquisition brings considerable high level specialist skills into the Ethos Group, including 24/7 support and technical delivery capability. As a Xerox and Canon dealer, LGS help expand the Ethos Group’s print provider portfolio, further enhancing the bespoke service that the Ethos Group can offer its customers.
Over 30 employees will join the Ethos Group, and LGS will continue to trade under its own identity.
Paul Norris, Group Managing Director of the Ethos Group, said:
I am delighted with the LGS acquisition which considerably enhances our capability within the graphic arts space and brings Ethos' annualised print business revenues and EBITDA to around £30m and £6m respectively, our target next year is to achieve an annualised £8m EBITDA.
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