Imaging companies finalise merger
Imaging companies finalise merger
Konica and Minolta-QMS have completed their merger that was agreed in principle at the start of the year.
As of now, the newly formed group will be known as Konica Minolta. During the changeover phase, the new company will be running two brands, but this will be phased out by October 1, by which time all new stock will carry the new Konica Minolta logo.
Under the management of Konica Minolta Holdings, the company will be working to simultaneously reorganise its operations in the fields of image information products business, optical products business, camera business, photo imaging business, and instrument systems business, as well as its functions as a center for technology, its functions in the area of business expertise, and the strategic and managerial functions of the group as a whole.
In a statement issued by the newly formed group, it states its aim to form strategic alliances in order to survive and prosper in the fast paced imaging marketplace.
Also in a letter to customers and partners, Stuart Drysdale, managing director of Minolta-QMS, said the merger represented an excellent opportunity to make great strides in the market.
"The merger of Konica and Minolta sets another significant milestone for us, which gives us the opportunity to share the same branding with other products such as multi-function printers and cameras. This allows the corporation to unite all of these products under one banner – "Konica Minolta." We are excited about the challenge ahead to position the new "Konica Minolta" brand as the market leader to supply printing technologies.
"We are continuously working to improve our product specification, service, information, product quality and competitiveness. This will enables us to increase customer satisfaction and ultimately increase market share."
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