Ricoh set to complete PFU acquisition
August 23, 2022
In April 2022 Ricoh announced the acquisition of 80% of the shares of PFU and make it a subsidiary of the Company.
At the time, Ricoh said that through this share acquisition, it intends to achieve an expansion of Ricoh’s unique Digital Services to support customers’ document workflow innovation.
Ricoh aims to expand its recurring revenue business by offering a combination of distinctive edge devices, business applications, and cloud platforms that enable the handling of special documents that are difficult to handle with existing MFPs (Multifunction Printers). This includes documents such as “unequal sized slips and forms,” “non-carbon paper application forms,” and “driver’s licenses and ID cards,” which are generated in accounting, application, and teller window operations.
Ricoh said it will expand its business by enhancing business scanners in offices and areas where more advanced and continuous document volumes are expected, such as teller window operations at medical and public institutions and document processing operations in financial institutions and corporation back offices.
On August 23rd, Ricoh announced that after initial delays announced in June, the share acquisition agreement has now been concluded for Ricoh to acquire 80% of PFU shares. The company added that it has received a notice from the Japan Fair Trade Commission that it will not issue a cease and desist order.
Categories : City News
Tags : Business PFU Ricoh Share Acquisition Subsidiary
