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Fuji Xerox Inks Office Supply Deal

Copier firm Fuji Xerox has inked a deal with NZ Office Supplies (NZOS) in a move the firms say will make it the No 3 player in office supplies in New Zealand.

The move will see Fuji Xerox, which was banned from supplying the government office supplies last year following fallout from an accounting scandal, enter an exclusive supply arrangement with NZOS. NZOS is not listed as a government provider for office supplies.

Kiwi-owned NZOS and Fuji Xerox said in an announcement to customers there will be a transition period but for now the only difference customers will notice is invoicing from NZOS instead of Fuji Xerox.

The move comes amid a changing office supplies market, with US private equity set to take over OfficeMax in Australia.

Last year the Commerce Commission said it would join High Court proceedings against Platinum Equity to stop the private equity firm acquiring OfficeMax, citing competition concerns.

Platinum instead agreed to sell Winc NZ, formerly known as Staples, so that the deal could proceed. However, it is understood that Winc NZ still uses its Australian parent for IT services.

Following a special investigation by NBR, Fuji Xerox’s parent company in Japan commissioned an independent report into the copier firm’s dealings in Australasia and found $355 million in “inappropriate accounting” in its Australia and New Zealand operations between 2011 and 2016.

In October last year the Ministry of Business formally suspended its print technology and associated services contract, meaning it couldn’t sign up for new customers until it met certain criteria that won’t be published.

Meanwhile, a civil case proceeds by the copier firm against former executives Neil Whittaker, Mark Allright and Gavin Pollard.

 

Source: https://www.nbr.co.nz/article/fuji-xerox-inks-office-supply-deal-vy-p-216892

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