- Saturday, 11 July 2009
- INQ Mobile
- RSS
If tunes were human beings, that singer would be a serial killer
Ricoh and Ikon unite
Office marriage is official
Thursday, 28 August 2008, 15:39
JAPAN’S OFFICE MACHINE maker Ricoh agreed yesterday to buy equipment distributor Ikon Office Solutions.
Ikon was bought for $1.62 billion to enable Ricoh to expand its sales and services operations in the US.
Shannon Cross, an analyst with Cross Research in Livingston said of this deal, "It's a reasonable price, Ricoh gets an expanded US distribution network. There's not another asset like it any more."
Ricoh say that the deal is expected to close in the fourth quarter of this year. µ
Share this:
Advertisement
Subscribe to the INQ Newsletter
Sign-up for the INQBot weekly newsletter
INQ Whitepapers
Business Intelligence Software
Customer Relationship Management (CRM)
Enterprise Accounting Software
Enterprise Resource Planning (ERP)
Enterprise Systems Management
Jobs
Advertisement
INQ Poll
Big blow for Canon and the competition that is. However, Ricoh having also acquired IBM Printing System a couple of years ago will have to start cutting the fat and refcosu before significant results can be noticed. EMEA is also affected by this, it is not a US only acquisition.