Canon ($44.99 billion in 2008 revenue) will to buy the €2.9 billion Océ (Dutch printer and copier machine producer) for €730 million in cash.
Océ remains a separate legal entity in Venlo as a Canon division. The Océ brand is to be maintained and applied in all relevant markets. Océ to lead its R&D and manufacturing. Its Management Board and key management remains in place.
But the combined companies hope their synergy will soon make them the Number 1 printer company in world, says the Océ CEO, Rokus van Iperen (photo shown).
Go Canon
