Ricoh to acquire IBM Printing Systems Divison

Ricoh and IBM have announced the formation of a joint venture based on IBM’s Printing Systems Division. Upon the closing expected in Q2 2007, Ricoh will acquire 51 percent of the joint venture, which will be called the InfoPrint Solutions Company. Ricoh will progressively acquire the remaining 49 percent over the next three years as the joint venture evolves into a fully owned subsidiary of Ricoh. "This agreement is key to Ricoh's efforts to become a leading global provider of output and print solutions," says Masamitsu Sakurai, President and CEO, Ricoh. “We will invest ...

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