Konica Minolta acquires printing business of Monotech Systems

In a bid to have direct interface with its customers, Japanese printer firm Konica Minolta today said it has acquired the production printing business of Monotech Systems Ltd.

The company, however, did not disclose financial value of the acquisition.

Monotech Systems currently is a distributor of Konica Minolta in the country and the acquisition will come into effect from June 1.

The Japanese firm has made the acquisition through its sales subsidiary Konica Minolta Business Solutions India.

"We have played a leadership role in developing the production printing market here and now we have set ambitious targets for ourselves and the acquisition will provide us a platform to directly create new value for our customers," Konica Minolta India MD Yuji Nakata said here.

The company said upon completion of the acquisition, it will operate out of 40 locations providing direct sales and service support to its customers.

Under the agreement, all Konica Minolta customers with Monotech Systems will be transferred to it and the staff serving to production printing division of Monotech Systems will also be transferred to Konica Minolta

The other three distributors of Konica Minolta -- HCL Infosystems, KMI Business Technologies and TechNova Imaging Systems -- will continue to operate as earlier, the company said.