OKI Data Corporation has completed the acquisition of the wide-format printer business of Seiko I Infotech Inc. (SIIT), a subsidiary of Seiko Instruments Inc. (SII), from SII.
OKI Data Corporation established OKI Data Infotech Corporation (OKI Data Infotech) by acquiring all SIIT shares held by SII. The new company began operating as a member of the OKI Group on 1 October.
On the same day, OKI Data Corporation’s overseas subsidiaries in Europe and the US completed the acquisition of the wide-format printer business and assets from SII’s European and US 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 US group companies.
"Through this acquisition, we have not only acquired a portfolio of wide-format inkjet printers 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,” said OKI Data Corporation president Takao Hiramoto.