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Ricoh purchase could boost printer range

Thursday 12 October, 2006

Ricoh Europe, a Netherlands-based office equipment manufacturer, will acquire the European businesses of American printing firm Danka.

The $210 million (£113 million) deal will see Ricoh acquire what Danka chairman and CEO A D Frazier described as the American firm's "mature and successful Europe-based operations".

These operations, worth $523.7 million (£282.2 million) in the year ending March 31st, constitute around half of Danka's total profit.

Danka European networks include both direct and indirect, sales and service presences in the U.K., France, Germany, Spain, Italy and Scandinavia.

Ricoh's European market presence will grow substantially – at present it has only three manufacturing sites, two in the UK and one in France.

Ricoh chairman and CEO Shiro Sasaki anticipated that the acquisition would allow Ricoh to "retain and expand its presence" in Europe.

He added that it would enable the group to produce more high volume products.

The acquisition comes at the end of a strong growth phase for Ricoh, with worldwide sales up 5.6 per cent in the year to March 31st.


© Adfero Ltd

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