Canon Australia buys NZ Post's Converga

Canon Australia has fully acquired The New Zealand Post Group’s managed services and business process outsourcing company, Converga, for an undisclosed sum.

Converga specialises in business process outsourcing with a focus on digital document solutions.

In a statement, Canon said that the acquisition gives it “the ability to drive further growth by delivering value-based solutions to the market, strengthening Canon’s end-to-end managed services and business process outsourcing capability”.

This is Canon’s second major technology acquisition in less than 18 months, following the majority stake acquisition of Harbour IT.

Converga will remain a standalone business, with the same management team and structure. The business will retain its independence and management autonomy, while benefiting from Canon’s investment, brand, leadership and product suite.

“Converga is a fantastic company that we intend to invest in, and grow, long into the future,” said Yusuke Mizoguchi, managing director, Canon Oceania.

“The acquisition of Converga enables us to expand our capability in managed service and business process outsourcing, strengthening our offering to customers.”

Converga has over 1300 staff based in offices and technology centres throughout Australia, New Zealand, United States and the Philippines in more than 120 customer locations.

“For Converga’s staff, customers and suppliers, it will be business as usual. We anticipate a smooth transition of ownership to Canon,” said the New Zealand Post Group CEO Brian Roche.

“This is the right direction for our business and customers as we continue towards our goal of being a partner of choice,” said Paul Bellette, CEO of Converga.