C’Pro to acquire Koden.

C’Pro, a copying supply store, agreed to acquire Koden, France's second-largest print supplier. Financial terms were not disclosed. According to C'PRO's general director, Gilles Perrot, buying Koden will boost its revenues past the €600m ($650m) mark and will cement the French firm as the largest multi-vendor print supplier in Europe. "We are delighted with this merger that will create an undisputed player in the era of digital transformation of SMEs. The work of Koden’s management on building up and structuring the group over the past 5 years is remarkable. It is time to write a new chapter and the project led by Pieric Brenier and Gilles Perrot seemed to be the best, due to the complementarity of our positions and the depth of commercial synergies at the service of French SMEs’ digital equipment needs," Angèle Faugier, Naxicap Member of the Management Board.