28 August 2007 — Irvine (CA): In a strategic move to expand Toshiba’s market share in the nation’s third-largest metropolitan area, Toshiba Business Solutions (TBS) announced the acquisition of leading Chicago-based office products dealership, Advanced Business Tech (ABT).
The key deal marks the 51st dealer acquisition for TBS since the inception of the firm’s business expansion plan to grow its network of wholly-owned subsidiary operations — a plan that is set to rapidly continue, the company said.
"We are very excited about ABT joining the TBS organisation. Becoming part of the Toshiba family strengthens our ability to provide our customers with document management solutions that will improve their businesses, while increasing Toshiba’s presence and market share in the Windy City," said Harry Talanian, president, ABT.
In addition to ABT’s Arlington Heights headquarters, the dealership has an additional facility in Chicago Loop, Ill. Well known locally, ABT employs 45 workers and has been serving the metro Chicago and surrounding areas’ with document and imaging solutions since 1982. Talanian will continue to serve as president and the location will begin to do business as Toshiba Business Solutions-Illinois.
"Our most recent acquisitions have been in key strategic markets for TBS, covering Dallas and Chicago, which help to round out national coverage for the TBS organisation," said Wayne Wilkinson, the firm’s vice president/general manager.
"We intend to grow rapidly in Chicago due in large part to the significant market opportunities and the outstanding management team at ABT. Further market growth opportunities will come in this area as we continue to look for additional acquisitions to add to the scale of our newest core subsidiary location."