Press Release

Geerings Digital (“Geerings”), a leading player in the managed print services industry, has been sold by Springboard Corporate Finance to Cambridge based Automotive Systems Limited (“ASL”) for an undisclosed sum.

Geerings, which is based in Ashford, Kent, supplies and services print management solutions to commercial and education sectors across Kent, Essex, London, Sussex and Surrey. Family owned Geerings has built an strong reputation and offers a market-leading range of solutions.

ASL reported revenues of £19.8m for its year ending 30 September 2017, and the acquisition will boost the company’s overall turnover past £27m, along with increasing headcount to 140. ASL Group of Companies is backed by Mobeus Equity Partners and specialises in telephony and unified communications, production print and IT support. Geerings represents ASL’s second acquisition in 2018 having previously acquired eight businesses in the sector.

Geerings was advised on the sale by David Neate and Jonathan Wright of Springboard Corporate Finance.

David Neate commenting on the transactions said: “We are delighted to have been able to support Will and Adam Geering on the sale of their family business. It was always a key criteria of the shareholders to find the right strategic partner to preserve the reputation of the business as well as maximising value. By managing a competitive process across a range of strategic trade acquirers we have been able to achieve these twin objectives. We would like to wish ASL every success moving forward.”

Will Geering, chairman of Geerings Digital, said: “We chose ASL as we felt that the company cultures were aligned and that they would ensure that Geerings Digital continued to prosper. We firmly believe that our customers will see positive benefits from the change and will welcome the additional services that the combined group can offer.”