OKI Data Corporation has announced the acquisition of the globally deployed wide format printer business of Seiko I Infotech Inc., a subsidiary of Seiko Instruments.
The acquisition has resulted in the formation of OKI Data Infotech Corporation, which will operate as a member of the OKI Group. OKI Data Corporation’s overseas subsidiaries in Europe and the US have completed the acquisition of the wide format printer business and assets from SII’s European and US group companies. OKI Data Infotech will assume responsibility for all services and products in the wide format printer business currently provided by SII’s European and US group companies.
OKI said the high-value-added printer business is a major growth area, and an important target business segment particularly focusing on the professional printer market. The company said it expects continued growth in demand by 6% CAGR for wide format printing within the professional printer market, driven by accelerated on-demand printing needs particularly in the retail and distribution industries.
Through the acquisition, OKI will acquire a portfolio of wide format inkjet printers for signs and LED graphic plotters held by SIIT, to include the technologies and development resources, together with the relevant sales channels. The company said it will “strive to enhance its business activities in the professional printer market through offering one-stop printing solutions particularly targeted at the printing, distribution, and retail industry sectors,” enhancing its product portfolio and product development capabilities.
“We are pleased to have completed the acquisition of the wide format printer business from SII,” said Takao Hiramoto, President of OKI Data Corporation. “Through this acquisition, we have not only acquired a portfolio of wide format inkjet printers for signs and LED graphic plotters, but also the corresponding technologies, development resources, and sales channels. By offering one-stop printing solutions targeting the printing, distribution, and retail industry sectors, we will strengthen our printer business in the professional printer market.”
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