NER to Sell Imaging Supplies, Printer Parts Business Units to Clover Technologies Group7 Jan, 2010
NER to Sell Imaging Supplies, Printer Parts Business Units to Clover Technologies Group
Glassboro NJ, December 22, 2009 – NER Data Products, Inc. (NER) announces the sale of the NER Imaging Supplies division and its wholly owned printer parts subsidiary Image1 to Clover Technologies Group Inc. (Clover). The agreement will transfer all imaging activities including compatible laser toner, inkjet, narrow and wide impact ribbon production, and printer parts to Clover.
Clover will assume responsibility for the NER Denver, Image1 Plano, and NER Glassboro supplies operations that support these business units. Customer and vendor relationships will be assumed by Clover and business will continue at all of these locations. In addition, NER is pleased to announce that over 80% of the NER employees at these locations will become employees of Clover as of the first of the year.
“The decision to sell off business units is not taken without great consideration,” said Stephen Oatway, President of NER Data Products Inc. “Approximately seven years ago, we began the process of strategically transitioning the company from offering commodity products to offering value-added solutions. As a result of our efforts, we have become a leader in both Managed Print Services and Data Center Infrastructure Solutions. In reviewing the direction of the company it was determined that a concentrated focus on these divisions was in the best interest of the company, shareholders, and customers moving forward. This strategic move allows us to focus resources on those business units that are poised for the greatest growth in the future.”
The sale will be finalized December 31, 2009 and terms of the transaction are not disclosed. The newly reorganized NER will be strongly positioned to continue providing industry-leading Managed Print Services and Data Center Infrastructure Solutions to their channel partners and their customers.
Current customers for Imaging Supplies and Image1 products can find information about the business transition on the NER website -- www.nerdata.com
About NER Data Products, Inc.
Founded in 1971, NER is a unique blend of manufacturer, value-added distributor (VAD), and solutions developer with an offering of Managed Print Solutions and Data Center Infrastructure Solutions. Our solutions integrate with complementary technologies from industry-leading partners and are deployed through value-added services. NER reduces complexity in many business environments, resulting in cost-savings, while allowing for scalability and growth. Learn more about NER at www.nerdata.com
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