Menu
Ricoh buys US office supplier Ikon

Ricoh buys US office supplier Ikon

Japanese printer maker Ricoh plans to buy Ikon, the US distributor of printing and copying equipment, in a deal worth US$1.6 billion, the companies says.

Ricoh says the deal would allow it to provide enterprises with a more complete line of printer and copy equipment. It also hopes the deal will help expand its reach to new geographies. Just under half of Ricoh's business comes from Japan, while Ikon operates primarily in the US, but also sells to Canada and Europe.

Ikon, which integrates copiers and printers with document management software from the likes of Captaris and eCopy, will operate as a subsidiary of Ricoh. In addition to the hardware and software products, Ikon also sells managed and professional services.

The boards of both companies have approved the deal, which is subject to regulatory approvals in the US, Canada and Europe. It must also win approval from Ikon shareholders. Ricoh expects the transaction to close in the fourth quarter, after which Ikon will continue to operate out of its Pennsylvania headquarters.

The office equipment market has been going through a wave of consolidation. Last year, Xerox bought Global Imaging Systems for $1.5 billion, and Konica Minolta earlier this year bought the US subsidiary of Danka Business Systems for $240 million.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags XeroxRicohKonica Minoltainternational newsCaptarisDanka Business SystemsGlobal Imaging Systemsikonecopy

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments