Significant acquisition sees Ricoh substantially grow footprint in Ireland, enabling the company to boost customers’ digital transformation journeys
Ricoh has reached an agreement to acquire PFH Technology Group (PFH), a leading provider of IT infrastructure, cloud and managed workplace services.
Founded in 1985, PFH is a leading integrated digital infrastructure and managed services company in Ireland. Headquartered in Cork, PFH also has offices in Dublin and Galway. Through its workforce of over 750 employees, it supports more than 1,000 customers with IT and communications technology needs. PFH has established longstanding relationships with industry leading vendors and secured the highest level of accreditation with partners such as AWS, Citrix, Commvault, Dell, Hewlett-Packard Enterprise (HPE), HP Inc., Lenovo, Microsoft, Pure Storage and VMware.
PFH was founded by its current Chairman and shareholder, Paul Hourican. Hourican is stepping down from his role and will remain in an advisory capacity to the business.
The acquisition will see Ricoh customers benefit from PFH’s broad experience in digital infrastructure and managed services, as well as the extensive capabilities and expertise of its people.
PFH customers will benefit from Ricoh’s global footprint, financial strength and integrated service delivery infrastructure. Additionally, PFH customers can access a wide range of Ricoh products and solutions from across Ricoh’s extensive digital services portfolio which encompasses Digital Workspace, Cloud & Infrastructure and Cybersecurity services, as well as Business Process Management and Graphic Communications capabilities.
Following completion of the deal, PFH will continue to operate as a separate entity.
The acquisition is expected to complete in the coming month, subject to receiving clearance from the relevant competition authorities in Ireland and completion of other customary closing conditions. PFH and its shareholders were advised by an EY Corporate Finance team led by Robert Hussey, Ronan Murray, Michael Murphy and Antoine Daubigny.
For more information about Ricoh’s IT Services capabilities, visit www.ricoh-europe.com.
Article Published: 03/04/2023