TOSHIBA BUSINESS SOLUTIONS ESTABLISHES NEW MARKET PRESENCE WITH ITS 55TH DEALER ACQUISITION IN INDIANAPOLIS
HPS Office Systems Joins Toshiba to Provide Strategic Entrance Into Key Midwest Market
IRVINE , California ( Nov 03, 2008 ) :
Further growing its nationwide network of wholly owned subsidiary operations, Toshiba Business Solutions (TBS) today announced that it secured its 55th organization through the acquisition of substantially all the assets of Indianapolis-based HPS Office Systems (HPS), a key market player in the upper Midwest. HPS will transition to join TBS-KY/IL, under the leadership of subsidiary president, John Applegate. The acquisition of HPS is a strategic market entrance into Indiana that will enable TBS-KY/IL to provide continuous service coverage from Lexington to Chicago. Prior to this acquisition, HPS was an authorized independent Toshiba and Savin dealer with a successful 35 year history selling and servicing Toshiba products.
“HPS has had a long-standing reputation for outstanding customer service in Indiana that extends back to the late 1930s, so it is with great pride that we announce this tactical move to make HPS an official member of the Toshiba family,” said Wayne Wilkinson, senior vice president/general manager, TBS. “This acquisition is a strategic move for Toshiba that will allow us to apply greater focus on this previously untapped market in Indiana, while further strengthening Toshiba’s national market presence through its TBS channel.”
With nearly 70 years of experience in servicing the Indiana market, HPS has a large clientele between its offices in the “Hoosier state,” which includes locations in Indianapolis, Muncie, Bloomington, Terre Haute and Columbus. Previous owner, Leon Mordoh, began his career with HPS in 1965 and will continue to provide leadership at HPS headquarters as vice president and general manager.
“TBS-KY/IL is thrilled for the opportunity to integrate HPS into our organization, extending Toshiba’s ability to reach Midwest businesses and provide them with world-class products and services,” said Applegate. “HPS is well-known for its commitment to its customers, which perfectly aligns with Toshiba’s culture and standards of excellence in innovation, service and support to its customers.”
Recently, TBS also completed the acquisition of the assets of Rocky Mountain Copiers Inc. (RMC). RMC now is a fully integrated component of TBS-CO’s existing operation in Colorado Springs, Colo. RMC was the 54th acquisition by TBS since its inception.
About HPS Office Systems Inc.
Established in 1939 and headquartered in Indianapolis, HPS Office Systems Inc. (HPS) is one of central Indiana’s largest office equipment dealers. HPS is a $15 million distributor of digital imaging, copying, faxing and scanning equipment, with approximately 90 employees and branch locations in Indiana including Indianapolis, Muncie, Bloomington, Terre Haute and Columbus. It has won numerous awards including Office Dealer magazine’s “Top 50 Office Equipment and Supply Dealers,” as well as Office Dealer’s “Elite Award” in 2001, 2002, 2004, 2005 and 2007.
About Toshiba America Business Solutions Inc.
Toshiba America Business Solutions Inc. (TABS) manages product planning, marketing, sales, service support and distribution of copiers, facsimiles, multifunction printing products, network controllers, and toner products throughout the United States, Mexico, Brazil, Latin America, and the Caribbean. Headquartered in Irvine, Calif., TABS has five divisions: the Electronic Imaging Division; the Toner Products Division; the Document Solutions Engineering Division; the International Division; and TOPAC U.S.A., Inc., dba Toshiba Business Solutions (TBS), a wholly-owned subsidiary corporation of TABS, that operates a network of wholly-owned office equipment dealers throughout the United States.
Named the most favored manufacturer nine times by the Business Technology Association (BTA), Toshiba’s entire product line, customer support and marketing distribution policies are markers for the industry. Among the many other awards garnered in recent years, Toshiba was named the “Manufacturer of the Year” eight times by Marketing Research Consultants (MRC), and has twice been named to the CIO 100 for being among the top 100 “bold” (2005) and “agile” (2004) companies in the world.
TABS is an independent operating company of Toshiba Corporation, the seventh largest electronics/electrical equipment company and the world's 91st largest company in terms of sales. Ranked by Fortune magazine as the eighth Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2007 was approximately $76.6 billion.
For more information on Toshiba copiers, facsimiles, multifunction printing products, network controllers or toner products, or for a dealer in your area, call (800)-GO-TOSHIBA or visit the TABS Web site at www.copiers.toshiba.com.