Onesource Group acquired by CSG

CSG Australia has acquired the Onesource New Zealand businesses which include Konica Minolta New Zealand, a provider of document management and print solutions, along with specialist equipment financing company Leasing Solutions.

CSG is a document solutions provider head quartered in the Northern Territory and listed on the Australian Stock Exchange.

Konica Minolta Business Technologies in Japan will retain its 10% shareholding in the New Zealand business, as part of a long term joint venture relationship that ensures exclusive distribution and support of Konica Minolta products and services to the New Zealand market. It also facilitates direct access to Konica Minolta's research and development and manufacturing resources in Japan.

CSG is acquiring Onesource from the management buyout team led by Evan Johnson, which purchased the businesses in 2005.

Onesource chief executive Evan Johnson says that teaming up with one of Australasia's largest IT and print services companies and retaining the continued support of Konica Minolta Business Technologies in Japan will position the New Zealand business very strongly for continued success and growth.

Mr Johnson will retain his role as the Managing Director of the New Zealand businesses and will join the CSG Australasian Steering Committee to support the development of the CSG business on both sides of the Tasman.

Johnson will join a high powered team of print industry experts; including Philip Chambers, the current Chairman of CSG and ex Managing Director of Fuji Xerox Australia; David Ward, the ex head of Sales and Marketing for Fuji Xerox Australia; and Denis Mackenzie, the CEO and foundation shareholder of CSG.

"From a customer viewpoint, the new ownership has a number of advantages," Evan Johnson says. "Clearly CSG has significant financial strength and views Konica Minolta New Zealand as a long term, strategic business. The keys to success in the document solutions market are providing tangible value for customers, and matching high quality products with outstanding levels of service and support. We have excelled in all these areas in a difficult climate and we will continue to invest to ensure we stay at the top."

According to Philip Chambers, "Onesource was a standout acquisition target due to its outstanding performance in the New Zealand market and the high calibre of the management team."

The New Zealand businesses will continue to operate as independent operating companies within the CSG group