OKI Acquires Wide Format Printer Business from Seiko

TOKYO--(BUSINESS WIRE)--OKI Data Corporation, an OKI Group company specializing in the printer       business, today announced that, OKI Data Corporation and Seiko       Instruments Inc. (“SII” hereinafter) signed an agreement on July 8,       2015, whereby OKI Data Corporation will acquire the globally-deployed       wide format printer business of Seiko I Infotech Inc. (“SIIT”        hereinafter), a subsidiary of SII.    

      OKI Data Corporation and SII signed a stock purchase agreement for the       acquisition of all SIIT shares held by SII. Furthermore, OKI Data       Corporation’s overseas subsidiaries in Europe and the US each signed       asset purchase agreements with SII’s European and US group companies, to       acquire the wide format printer business and assets currently held by       SII in Europe and the US. The parties will complete the business       transfer on October 1, 2015, in keeping with the agreements. The       transaction will not affect the various products and services currently       provided by SIIT, including products and services related to wide format       printers.    

      OKI Data Corporation positions the high-value-added printer business as       a major growth area and an important target business segment       particularly focusing on the professional printer market. OKI Data       Corporation expects continued growth in demand by 6% CAGR for wide       format printing within the professional printer market, driven by       accelerated on-demand printing needs particularly in the retail and       distribution industries.    

      Through this acquisition, OKI Data Corporation will not only acquire a       portfolio of wide format inkjet printers for signs and LED graphic       plotters held by SIIT, but also the technologies and development       resources together with the relevant sales channels. OKI Data       Corporation will strive to enhance its business activities in the       professional printer market through offering one-stop printing solutions       particularly targeted at the printing, distribution, and retail industry       sectors. By integrating technologies and resources between the parties       through the acquisition, OKI Data Corporation will enhance its product       portfolio and product development capabilities.    

About OKI Data Corporation    

      OKI Data Corporation specializes in the design, development,       manufacture, and marketing of business printing solutions that empower       organizations to communicate more effectively. A subsidiary of       Tokyo-based OKI Electric Industry (established in 1881 as Japan’s first       telecommunications manufacturer), OKI Data fields representatives in 120       countries to offer innovative, leading-edge products and services       worldwide. For more information, please visit http://www.okiprintingsolutions.com/    

      Notes:    

•         The names of the companies and products mentioned in this document are         the trademarks or registered trademarks of the respective companies         and organizations.