TripleArc had received acceptances from shareholders owning 93.7% of its target by its initial closing date on 13 November. The offer was declared wholly unconditional at its extraordinary general meeting on 17 November.
TripleArc chief executive Jason Cromack said it was now just a matter of sweeping up the remaining shares, but once the deal hit the 90% mark it was secure.
The key thing now is the integration of TripleArcs technology throughout Access Plus business, which were working hard on. The whole reason to do the deal was to generate scale in a technology and service model. Well now drive that model forward, said Cromack.
The group name will be TripleArc, but the print management division will remain as Access Plus.
Its technology division is still a key part of its strategy going forward, added Cromack.
The integration of the two companies departments was to be discussed in operational meetings today. However, Cromack told PrintWeek he did not foresee any redundancies.
Access Plus chief executive Tim Brettell becomes part-time non-executive chairman with immediate effect.
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