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Ricoh to acquire Colorgate Digital Output Solutions

13
Nov '18
Courtesy: Colorgate
Courtesy: Colorgate
Ricoh has announced that it has reached an agreement to buy Colorgate Digital Output Solutions, a leading software provider in the printing industry with a specific competence in colour management. The acquisition is designed to strengthen Ricoh’s growing industrial printing business. The transfer of shares is scheduled to complete on November 30, 2018.

In February this year, Ricoh announced its growth strategy plan, ‘Ricoh Ignite’, which sets out its intention to reinforce its value offering by expanding its printing technology portfolio. The investment in Colorgate is the latest part of this plan, Ricoh said.

To enhance its industrial printing business, Ricoh recently established a ‘Global IP Technology Centre’ and a ‘Global IP Marketing Centre’. Significantly, both are located in Europe, which is increasingly the centre of incubation for industrial printing markets. This allows access to cutting-edge technology and enables increased responsiveness to market needs. The centres aim to drive marketing, strategic planning, and development of business and products with Ricoh’s alliance partners worldwide.

“By combining Colorgate’s proprietary software technology with our own industrial printers, Ricoh will provide solutions covering the whole printing workflow from Pre-Press to Post-Press. This acquisition will enable Colorgate to expand its industrial printing business and global presence as together we become better able to support our customers to accelerate their transition from analogue to digital based production,” Peter Williams, corporate vice president and general manager of commercial and industrial printing business group, Ricoh, said.

“We are delighted to have been selected by Ricoh to contribute to this strong future growth strategy whilst we continue to serve our established customer base, OEM partners, and reseller channel,” Thomas Kirschner, co-founder of Colorgate who will continue to serve as CEO, said. (GK)

Fibre2Fashion News Desk – India


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