CSG Limited

CSG Limited was an Australian-owned business-technology company whose activities evolved from regional office-technology operations into a broader provider of managed print, information-technology services, consulting, systems integration, and technology support. The company was established in 1988 and later became associated with the Connected Solutions Group formed in Darwin in February 1999 through the merger of several businesses. That regional base provided the foundation for a wider Australian operating footprint. CSG became a publicly traded company in 2007 when it was listed on the Australian Securities Exchange. The listing coincided with an expansion into the IT Services market. During this phase, the company pursued a combination of organic growth, acquisitions, supplier relationships, and government contracts. It acquired Change Corporation in 2007 for approximately A$20 million, entering or strengthening its position in IT consulting and integration. In 2008, it acquired the Commander Managed Services business in the Australian Capital Territory and secured a Northern Territory Government contract covering desktop and server management across the Territory. It also expanded its print-services activity in regional Queensland. The company sought to build a national technology-services platform while managing relationships with major equipment manufacturers. CSG ended its relationship with Fuji Xerox in favor of Canon as part of its national expansion strategy, although existing customers were subsequently given the choice of remaining with CSG or transferring their arrangements to Fuji Xerox. CSG later acquired the exclusive distributorship for Konica Minolta Business Solutions in New Zealand as a majority shareholder and acquired what was described as the largest Canon-device dealership in Australia. These moves broadened its exposure to office imaging, document management, and associated service contracts across Australia and New Zealand. CSG was the subject of takeover interest in 2011. A takeover offer was received by the board in October, and the company later reported that additional bidders had emerged. In December 2011, however, CSG announced that it was withdrawing from the takeover process. The following year, it sold its Technology Solutions business to NEC in July 2012. After the divestment, CSG restructured extensively around its remaining print business, seeking to stabilize operations and establish a platform for future growth. At that stage, the company employed approximately 600 people. Fuji Xerox made a successful takeover offer for CSG in October 2019. CSG was removed from the Australian Securities Exchange in February 2020 and subsequently integrated into Fujifilm. The CSG brand was retired in December 2020. As a result, CSG Limited no longer operates as an independent listed brand, although its businesses and capabilities became part of the acquiring group's broader operations.

CSG Limited was established in 1988 as an Australian business-technology company. A significant stage in its regional development occurred in February 1999, when several Darwin businesses merged to form a Connected Solutions Group. This structure supported the company's later expansion beyond its original regional base and into a wider portfolio of office technology and information-technology services. In 2007, CSG was admitted to the Australian Securities Exchange. The listing marked a period of broader commercial expansion, including entry into the IT Services market. In the same year, the company acquired Change Corporation for approximately A$20 million. The transaction gave CSG a stronger position in IT consulting and systems integration, complementing its established print and office-technology activities. The company's expansion continued in 2008. It acquired the Commander Managed Services business in the Australian Capital Territory and won a Northern Territory Government contract to provide desktop and server management throughout the Territory. CSG also enlarged its print-services presence in regional Queensland. These developments reflected an effort to combine recurring managed services with equipment, support, and technology-integration work. CSG's national-growth strategy involved several changes in its relationships with office-technology manufacturers. It terminated its relationship with Fuji Xerox in favor of Canon, but was later required to give existing customers the option of staying with CSG or novating their arrangements to Fuji Xerox. The company subsequently acquired the exclusive distributorship for Konica Minolta Business Solutions in New Zealand as a majority shareholder and acquired the largest Canon-device dealership in Australia, according to the company's historical account. These arrangements gave CSG exposure to both the Australian and New Zealand markets and reinforced its role in the office-imaging and managed-print sectors. In October 2011, CSG's board received a takeover offer. The company subsequently reported that other bidders had emerged, but in December announced that it was withdrawing from the takeover process. In July 2012, CSG sold its Technology Solutions business to NEC. The divestment changed the company's operating profile and was followed by an extensive restructuring intended to stabilize the remaining print business and prepare it for future growth. At that point, CSG employed approximately 600 staff. The next major ownership change came in October 2019, when Fuji Xerox made a successful takeover offer. CSG was delisted from the Australian Securities Exchange in February 2020 and integrated into Fujifilm. The standalone CSG brand was retired in December 2020. Its history therefore spans regional Australian business formation, public-market expansion, diversification into managed IT, subsequent refocusing on print services, and eventual absorption into a larger imaging and technology group.

• 2020

  Delisting, integration, and brand retirement

  [1]CSG Limiteden.wikipedia.org

  CSG was delisted in February, integrated into Fujifilm, and retired as a standalone brand in December.

• 2019

  Fuji Xerox takeover offer succeeds

  [1]CSG Limiteden.wikipedia.org

  Fuji Xerox made a successful takeover offer for CSG.

• 2012

  Technology Solutions sold to NEC

  [1]CSG Limiteden.wikipedia.org

  CSG sold its Technology Solutions business to NEC and restructured around its remaining print operations.

• 2011

  Takeover process withdrawn

  [1]CSG Limiteden.wikipedia.org

  After receiving a takeover offer and reporting interest from additional bidders, CSG withdrew from the process in December.

• 2008

  Managed-services and government-contract expansion

  [1]CSG Limiteden.wikipedia.org

  CSG acquired Commander Managed Services, won a Northern Territory Government desktop and server management contract, and expanded regional Queensland print operations.

• 2007

  Australian Securities Exchange listing and IT expansion

  [1]CSG Limiteden.wikipedia.org

  CSG listed on the Australian Securities Exchange and expanded into IT Services. It also acquired Change Corporation for approximately A$20 million.

• 1999

  Connected Solutions Group formed in Darwin

  [1]CSG Limiteden.wikipedia.org

  Several Darwin businesses merged in February to form a Connected Solutions Group, an important stage in the company's regional development.

• 1988

  Company founded

  [1]CSG Limiteden.wikipedia.org

  CSG Limited was founded as an Australian business-technology company.

An Australian business-technology provider combining office-print and imaging services with managed IT, consulting, systems integration, and technology support. Its later strategy concentrated more heavily on the print business after the sale of Technology Solutions to NEC.

• Print and document services

  Managed print services

  Managed print was CSG's principal remaining business after the sale of Technology Solutions to NEC. The activity covered the supply, support, and servicing of office printing and imaging environments, alongside related document and equipment services. CSG's manufacturer relationships and dealership operations supported this business across Australian markets and, through its Konica Minolta distributorship, New Zealand.

• Information technology services · 2007

  IT Services

  CSG entered the IT Services market around the time of its 2007 public listing. Its technology-services portfolio included managed IT, desktop and server management, consulting, and systems integration. The company later sold the Technology Solutions business to NEC in 2012, ending this activity as a major standalone component of CSG's portfolio.

• Office technology

  Office imaging equipment dealership and distribution

  CSG operated in the office-imaging market through equipment dealerships and distribution arrangements. Its historical activities included the acquisition of a major Canon-device dealership in Australia and an exclusive distributorship for Konica Minolta Business Solutions in New Zealand. These operations connected hardware supply with installation, servicing, and managed customer relationships.

• 2019

  Accept Fuji Xerox takeoverM&A

  Background

  CSG remained an independent listed company after withdrawing from an earlier takeover process in 2011.

  Action taken

  Fuji Xerox made a successful takeover offer for CSG in October.

  Aftermath

  CSG was delisted in February 2020 and integrated into Fujifilm; the CSG brand was retired in December 2020.

  Source

• 2012

  Sell Technology Solutions to NECM&A

  Background

  Following the company's takeover discussions and changing portfolio, CSG chose to refocus on its print business.

  Action taken

  CSG sold its Technology Solutions business to NEC in July.

  Aftermath

  The sale was followed by an extensive restructuring intended to stabilize the remaining print operations and support future growth.

  Source

• 2007

  Acquire Change CorporationM&A

  Background

  CSG wanted to broaden its activities beyond print and office technology into IT consulting and systems integration.

  Action taken

  The company acquired Change Corporation for approximately A$20 million.

  Aftermath

  The acquisition strengthened CSG's presence in the IT consulting and integration market.

  Acquisition consideration. Approximately A$20 million (2007)

  Source

• 2020

  CSG is delisted and later retired as a brand[1]CSG Limiteden.wikipedia.org

  M&A · Leadership change · Other

  CSG was delisted from the Australian Securities Exchange in February and integrated into Fujifilm. The CSG brand was retired in December.

• 2019

  Fuji Xerox takeover of CSG succeeds[1]CSG Limiteden.wikipedia.org

  M&A

  Fuji Xerox made a successful takeover offer for CSG, beginning the process that led to the company's delisting and integration into Fujifilm.

• 2012

  CSG sells Technology Solutions business to NEC[1]CSG Limiteden.wikipedia.org

  M&A

  CSG divested its Technology Solutions business to NEC and subsequently restructured around its remaining print operations.

• 2011

  CSG receives takeover interest but withdraws from the process[1]CSG Limiteden.wikipedia.org

  M&A

  A takeover offer reached the board in October, followed by reports of other potential bidders. CSG announced in December that it was withdrawing from the process.

• 2008

  CSG expands through acquisitions and government services work[1]CSG Limiteden.wikipedia.org

  M&A · Other

  The company acquired Commander Managed Services in the Australian Capital Territory and won a Northern Territory Government contract for desktop and server management. It also expanded print-services operations in regional Queensland.

• 2007

  CSG Limited lists on the Australian Securities Exchange[1]CSG Limiteden.wikipedia.org

  Other

  CSG became a publicly listed company and expanded into the IT Services market.

1. 1CSG Limiteden.wikipedia.org