Global Imaging To Buy Imagine Technology Group6 Apr, 2004
Global Imaging To Buy Imagine Technology Group
April 6, 2004--TAMPA--Global Imaging Systems Inc. (GISX) signed an agreement to acquire Imagine Technology Group Inc., Chicago, for an undisclosed sum. The deal is expected to close within the next 60 days.
Imagine Technology sells and services the same office-technology product lines as Global Imaging, including Sharp, Ricoh/Savin, Toshiba and Konica/Minolta copiers. Imagine Technology, with operations in Arizona, California, Texas, Oregon and Washington, reported 2003 revenue of about $117 million. Global Imaging reported revenue of $556.7 million for its fiscal nine months ended Dec. 31.