OKI Establishes New Wide-Format Printer Company
Tuesday, October 13, 2015
OKI Data Corp. has announced that the company has completed the acquisition of the globally deployed wide-format printer business of Seiko I Infotech Inc. (SIIT), a subsidiary of Seiko Instruments Inc. (SII), from SII.
OKI Data Corp. established OKI Data Infotech Corp. (OKI Data Infotech) by acquiring all SIIT shares held by SII. The new company began operating as a member of the OKI Group on Oct. 1, 2015. On the same day, OKI Data Corp.'s overseas subsidiaries in Europe and the United States completed the acquisition of the wide-format printer business and assets from SII's European and U.S. 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 U.S. group companies.
OKI Data Corp. positions the high-value-added printer business as its major growth area with the professional printer market being an important sector.
"We are pleased to have completed the acquisition of the wide-format printer business from SII," said Takao Hiramoto, president, OKI Data Corp. "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."