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Ricoh joint venture printing systems

Ralf Jurrien : 2007-02-02 21:15:00
Ricoh joint venture printing systems : Ricoh and IBM announced formation of a joint venture company based on IBM's Printing Systems Division as Ricoh, a global leader in digital office solutions, strengthens its capabilities in output solutions, including production printing. On closing of the agreement between Ricoh and IBM, Ricoh initially will acquire 51 percent of the joint venture, which will be called the InfoPrint Solutions Company, and will progressively acquire the remaining 49 percent over the next three years as the joint venture evolves into a fully owned subsidiary of Ricoh. As consideration for the transaction, IBM will receive $725 million in cash upon closing, which includes a management fee of $35 million.






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