Done Deal, Ricoh buys Hitachi Printing Division!

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Ricoh to buy Hitachi printing unit
Monday August 9, 1:56 pm ET

NEW YORK, Aug 9 (Reuters) - Ricoh Co. Ltd. (Tokyo:7752.T - News), Japan's second largest office machine maker, on Monday said it has agreed to buy a printing unit of Hitachi Ltd. (Tokyo:6501.T - News) to expand its printer business.
Financial details of the pact were not disclosed. The companies in March had agreed in principle to the deal.

Under the agreement, Hitachi will transfer all its shares of Hitachi Printing Solutions Ltd., a wholly owned subsidiary, to Ricoh.

Ricoh said the deal will help reinforce its product lines in areas such as office color printers and print-on-demand.

8/9/046:47 PM

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