Konica Minolta, Inc. (Konica Minolta) today announced that it has signed an agreement with MGI Digital Technology (MGI), the leading decoration printing equipment manufacturer based in France, to acquire additional stake in MGI, enhancing the financial and strategic alliance between the companies since January 2014. Leveraging the alliance, Konica Minolta will further strengthen its industrial printing business.
Enhancing the alliance with MGI with the additional stake, Konica Minolta aims to meet the following objectives:
By utilizing skilled R&D power to develop unique products fulfilling customer needs in the digital professional printing market, Konica Minolta will further accelerate its initiatives for application development in the special printing systems including package printing and 3D component printing.
In response to the needs for decoration printing in the label and package space, Konica Minolta’s enhancement in the product line through synergy creation, including joint development with MGI, will give the company a solid and strong presence within the digital package printing market and drive expansion in the growth field of production printing (PP).
Konica Minolta intends to acquire 30.5% of MGI’s shares in April 2016, whereby Konica Minolta will hold 40.5% in total, including the existing stake (10%).