Xerox Agrees To Acquire Germany-based Invoco

(RTTNews) - Printer and copier company Xerox Corp. (XRX) Friday said it has agreed to acquire Germany-based Invoco Holding GmbH, in a move to expand its European customer care services.

Invoco will provide Xerox's global customer base with immediate access to industry-leading German language customer care services while enabling Invoco's existing customers to take advantage of Xerox's broad business process outsourcing, or BPO capabilities, including customer care service spanning 175 facilities and serving clients in more than 30 languages. Simon Verzijl, group president of Xerox's commercial business process outsourcing in Europe stated, "Together our goal is to expand service and capability across Europe to new and existing local market and multi-national clients."

The Invoco management team will remain unchanged and continue to be led by Rainer Diekmann, Invoco's chief executive officer.

The transaction is expected to close following completion of customary closing conditions.