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Combined portfolio spans print industry
Canon and Océ have agreed to combine their printing activities through a self-funded cash offer by Canon for all the shares of Océ.
Canon’s president and COO, Tsuneji Uchida, said: “Through the merger we will realise clear benefits, not only in the area of R&D, but also in terms of product mix and marketing and are confident that this combination will contribute greatly to our goal of becoming the overall number one presence in the printing industry.”
Océ’s CEO, Rokus van Iperen, added: “There is a great fit between our companies, which share a strong commitment to technology and innovation. I am proud Canon intends to team up with Océ, based on our customers and technology and the staff that have shaped our company for generations.
“In the consolidating global printing industry, this combination will deliver scale in R&D, manufacturing and distribution. The combined organisation provides us with access to a sales network in Asia as well as opportunities in Europe and the United States.”
