Durrant Pate/Contributor

Local technology firm Productive Business Solutions (PBS) is acquiring the business operations of Xerox Holdings Corporation in Peru and Ecuador.

PBS has disclosed that it has reached an agreement with Xerox on the acquisition of its business in these two South American countries. Following the acquisition, PBS will become the exclusive distribution partner for Xerox in Peru and Ecuador.

Both companies will continue to operate as subsidiaries of PBS. The transaction is expected to close in the second quarter of 2024, pending authorisation from the Ecuadorian competition authority.

Responding to the deal, PBS Chairman P.B. Scott said: “We have proudly worked in partnership with Xerox for over two decades, during which we have consistently delivered a comprehensive suite of products and professional services to our valued clients across Central America, the Caribbean and South America. This strategic expansion in Peru and Ecuador further solidifies our presence in Latin America, extends our footprint to a total of 24 countries and bolsters our workforce to over 3,000 IT professionals.”

Continuing, Scott added: “We look forward to deepening our longstanding relationship with Xerox and welcome the talented teams in Peru and Ecuador to PBS.”

PBS is a leading technology distributor in Central America, South America and the Caribbean.

PBS connects the world’s leading technology brands to businesses and governments in the countries in which it operates, providing solutions that span imaging, networking, information technology, security systems and advanced services.