The U.K. Kodak Pension Plan (KPP) has completed its acquisition of the Kodak Personalized Imaging and Document Imaging businesses from Eastman Kodak Company and created a new company, known as Kodak Alaris. 

The Kodak name has been retained by the new brand under a perpetual licence,. 

“Our excitement around the acquisition of these businesses comes not just from their market strength but from what we see as long-term, highly successful growth opportunities,” said Steven Ross, independent chairman of KPP. 

“Today starts the new chapter of a storied brand and we’re thrilled with the potential the new company  holds for our plan members, our customers, and our employees.” 

“Innovation has always been critical to our success and it will continue to be a cornerstone of our businesses,” said Dolores Kruchten, president of Kodak Alaris’ Document Imaging business, .

“Under new ownership, we will increase our commitment to pioneering new products and solutions. We will continue to deliver the industry leading services and support that our customers know and trust. And we will be a nimble, innovative company, capable of achieving greater speed to market.”

When the transaction completes globally, Kodak Alaris will have more than 4,700 employees in approximately 30 countries with expected revenue of more than $US1.3 billion.