CSG Limited was a publicly listed Australian-owned business technology company. Founded in 1988, in 2007 it was listed on the Australian Securities Exchange. In 2020, it was taken over by Fuji Xerox and integrated into Fujifilm with the brand retired.
History In February 1999, a Connected Solutions Group was founded when several businesses in Darwin merged.About Us Connected Solutions Group
In 2007, CSG was listed on the Australian Securities Exchange and it expanded into the IT Services market. A year later, the company acquired the Commander Managed Services business in the Australian Capital Territory and won a Government of the Northern Territory contract to supply desktop and server management throughout the Territory. The business also expanded its print services business in regional Queensland.
CSG also acquired Change Corporation in 2007 and entered into the IT consulting and integration services market for AUS $20 million.
Seeking to have a national footprint, CSG terminated its relationship with Fuji Xerox in favour of Canon but was subsequently required to give existing customers the option of remaining with CSG or novating to Fuji Xerox A year later, CSG acquired the exclusive distributorship of Konica Minolta Business Solutions in New Zealand as the majority shareholders as well as acquiring the largest dealership of Canon devices in Australia.
In October 2011, a takeover offer was received by the CSG board. Shortly thereafter, the company reported that other bidders had emerged.IT firm CSG attracts $340m takeover bid Australian Financial Review 7 October 2011 However, in December CSG announced that it was withdrawing from the process.Market Update CSG 21 December 2011
In July 2012, CSG sold the Technology Solutions business to NEC. Subsequently, CSG undertook an extensive business restructure to stabilise the remaining print business and position it for future growth. CSG employed approximately 600 staff.
In October 2019, Fuji Xerox made a successful takeover offer for CSG.Moelis and Deloitte in CSG Limited takeover Australian Financial Review 23 October 2019 In February 2020, CSG was delisted from the Australian Securities Exchange and integrated into Fujifilm with the brand retired in December 2020.CSG Limited - Removal from Official List Australian Securities Exchange 18 February 2020Fuji Xerox completes CSG acquisition ZDNet 19 February 2020Improving our service and support to CSG customers Fuji Xerox 18 December 2020
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