New Zealand Post Group sells Converga to Canon Australia
The New Zealand Post Group has sold its wholly owned subsidiary Converga to Canon Australia for an undisclosed sum.
Converga specialises in business process outsourcing with a focus on digital document solutions. It employs approximately 1300 staff and has offices in Australia, New Zealand, Asia and the United States. Its head office is in Sydney.
“New Zealand Post is focussed on its parcels, mail and financial services businesses in New Zealand. Converga’s strategic fit within the Group was reassessed and we indicated we were looking to sell the company earlier this year,” said Brian Roche, Chief Executive, New Zealand Post Group.
“For Converga’s staff, customers and suppliers, it will be business as usual. We anticipate a smooth transition of ownership to Canon Australia,” said Mr Roche.
Canon Australia said Converga would remain a stand-alone business, with the same management team and structure. The business would retain its independence and management autonomy, while benefitting from Canon’s investment, brand, leadership and product suite.
“Converga is a fantastic company that we intend to invest in, and grow, long into the future,” said Yusuke Mizoguchi, Managing Director, Canon Oceania.
The New Zealand Post Group will continue to work closely with Converga as a client of its document and business management services.