Invision acquires majority stake in TonerPartner Group
TonerPartner was founded in 1993 and is a leading e-commerce business focused on ink, toner and printer cartridges. Invision, focussing on midsized companies in Europe, invests growth capital as part of an owner buyout to support the further internationalisation and business expansion over the coming years.
TonerPartner regularly supplies over 1 million satisfied online-customers with toner and ink cartridges for a broad range of printer models. Over the last few years, TonerPartner initiated an internationalisation strategy which commenced 2011 in Switzerland and was continued in 2015 with the Austrian market. Together with Invision as majority shareholder, TonerPartner intends to expand into France, the Netherlands, Spain as well as other European markets, with the ultimate objective of developing a pan-European online retailer dedicated to ink and toner supplies.
Julian Zweers, Managing Director of TonerPartner in Germany will continue to run the operations. He commented: „From the outset of our discussions, Invision demonstrated a profound understanding of e-commerce dynamics, genuine interest in our business model and support for our growth strategy. With Invision we intend to accelerate the internationalisation of our company, which already started a few years ago. The entire TonerPartner team is looking forward to the future and to partnering with Invision.”
Peter Kroha, Partner and Managing Director Invision Germany, added: “TonerPartner is a really exciting e-commerce business with recurring revenues and a highly loyal customer base. As a midsize privately owned German company with excellent growth prospects, TonerPartner fits perfectly to Invision’s investment criteria. Over the past years the business has demonstrated double-digit organic growth with attractive margins. The customer base, comprising both B2B and B2C customers is supplied regularly with high quality ink and toner at very competitive prices. We really look forward to working together with management over the coming years.”
TonerPartner, based in Gevelsberg (Germany) employs over 60 employees and is a leading e-commerce business focused on ink and toner cartridges. Founded in 1993, TonerPartner has always
strived to provide its over 1 million customers with high quality, attractively priced and reliably delivered products. TonerPartner sees itself as a service provider for customers in relation to all aspects relating to printing.
Source: Invision Press Release