Contex A/S News

Contex Acquires Scanner Distribution Division of US Distributor IDEAL

ALLEROED, Denmark, July 2 PRNewswire — Contex A/S today announced that it has acquired IDEAL's Scanner Distribution Division. IDEAL has consistently been Contex's largest US-based distributor of wide-format scanning and imaging solutions. This move is designed to provide stronger and more direct support to business partners, distributors and dealers in the North and South American market. Additionally, Contex expects the acquisition to expand their market leadership and increase their distribution base in the North and South American market. The acquisition of IDEAL's Scanner Distribution Division continues Contex's growth strategy and furthers their commitment to connect more closely with their end-customers and distribution partners.

"I am happy about the merger of Contex Scanning Technology Inc. and IDEAL which will strengthen our position on the North and South American market as well as offer our partners an opportunity to grow further," says Niels Appel, executive VP of Sales and Marketing for Contex A/S. "IDEAL has been a valued Contex partner for many years, with more than 4000 mutual customers and a sales force that already works closely with ours. This transaction advances our ability to deliver top service, top value and top know-how to our end-customers and distribution partners in the Americas wide-format scanning market."

"We are very excited to expand our presence in the large-format marketplace with Contex. We're confident that the combined strengths, service expertise and talent of our two companies will deliver a positive experience for distributors, dealers and end-customers alike," says Phil Magenheim, President and COO of Contex Americas and co-founder of IDEAL Scanners & Systems.

With the recently announced new SD Series scanner and their enhanced HD Series, Contex has the broadest range of wide-format scanning and imaging solutions, catering to all types of customer needs in all kinds of industries. The acquisition of IDEAL Scanner Distribution Division further solidifies Contex's position as the leading global provider of value-enhanced wide-format scanning and imaging solutions.

CONTACT: Niels Appel, Executive Vice President, Sales & Marketing TEL: +45-48-14-11-22 EMAIL: nap@contex.com WEB: http://www.contex.com

SOURCE Contex A/S

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