OKI Data Acquires Seiko’s Wide-Format Business
OKI Data has completed the acquisition of the wide-format printer business of Seiko I Infotech Inc., a subsidiary of Seiko Instruments Inc. The new company began operating as a member of the OKI Group on Oct. 1. On the same day, OKI Data’s subsidiaries in Europe and the U.S. completed the acquisition of the wide-format printer business and assets from SII’s European and U.S. group companies. OKI Data Infotech will assume responsibility for all services and products in the wide-format printer business currently provided by SII’s European and U.S. group companies.
OKI Data positions the high-value-added printer business as its major growth area with the professional printer market being an important sector.
“We are pleased to have completed the acquisition of the wide-format printer business from SII,” said Takao Hiramoto, president of OKI Data. “Through this acquisition, we have not only acquired a portfolio of wide-format inkjet printers for signs and LED graphic plotters, but also the corresponding technologies, development resources, and sales channels. By offering one-stop printing solutions targeting the printing, distribution, and retail industry sectors, we will strengthen our printer business in the professional printer market.”