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Thu 01 Jan 2010Xerox buys imaging services firm IBS for €21m
IRISH BUSINESS Systems (IBS), a printing and imaging services group, has been bought by Xerox for €21 million, yielding a substantial pay day for its founder, Cork businessman Jerry Carey.
Mr Carey is the majority shareholder in IBS and will receive “about 80 per cent” of the purchase price, he told The Irish Times. His brother, Tom Carey, is the other shareholder in the company, which was founded in 1972 and has its headquarters in Cork. The deal was an all-cash transaction.
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