PBS Acquires Xerox’s Businesses in Peru and Ecuador

• Productive Business Solutions Limited (“PBS”) announced that it has reached an agreement with Xerox Holdings Corporation (“Xerox”), which is listed on the NASDAQ stock exchange, to acquire its businesses in Peru and Ecuador.
• Following the acquisition, PBS will become the exclusive distribution partner for Xerox in Peru and Ecuador, where both companies will continue to operate as subsidiaries of PBS.
• PBS has partnered with Xerox for over two decades. During this period, the company has consistently delivered a comprehensive suite of products and professional services to its clients across Central America, the Caribbean, and South America.
• This strategic expansion in Peru and Ecuador further solidifies the company’s presence in Latin America, extends its footprint to a total of 24 countries and bolsters its workforce to over 3,000 IT professionals.

(Source: JSE)