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Kyocera to Buy British office Equipment Maker

Posted Date 12/16/16

Kyocera has sealed a deal for the acquisition of British Annodata, a maker of office equipment and provider of IT services. Annodata also sells and maintains printers and copiers, including Kyocera’s own products. The target company has been valued at about $87.7 million and will be acquired through Kyocera’s subsidiary Kyocera Document Solutions. The deal is seen to help the Japanese printer maker strengthen its European and US printer business to offset a slowdown in its components operations.

http://asia.nikkei.com/Business/Deals/Kyocera-to-buy-British-IT-and-office-equipment-company

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