Spanish office and print supply specialist ADVEO has partnered with British broadliner Westcoast to develop the Electronic Office Suppliers (EOS) division. This agreement, subject to the conclusion of the due diligence and other administrative process, includes Adimpo brand, the facility in Lyon (France) and the stock related to those channels and products. The deal responds to the new ADVEO Business Plan for 2016-2019, presented last March, which focuses, after a detailed analysis of products and activities, on strategic channels and businesses. EOS revenue in channels linked to the deal with Westcoast (attended clients in IT specialists, Scale Driven and Retailers channels) amount to €300m and generates €3m EBITDA per annum. As a consequence of this agreement ADVEO's total debt -€297.3m by March 31st- will be reduced by €80m. The exact amount will be concreted once the deal is closed, probably in about 60 days. Additionally, ADVEO and Westcoast have reached an agreement to cooperate in the EOS division, which will allow both companies to obtain mutual benefit in the international markets through massive purchases and further logistics efficiency. On the other hand ADVEO will initiate in the next weeks the process for the announced capital increase, through which the company aims at obtaining around €60m.