PELIKAN MALAYSIA ACQUIRES PELIKAN SUISSE

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PELIKAN MALAYSIA ACQUIRES PELIKAN SUISSE

 user 2006-02-07 at 10:22:00 am Views: 53
  • #14189

    Malaysia’s Pelikan to acquire Switzerland’s Pelikan Hardcopy Holding
    KUALA LUMPUR (AFX) – Stationery maker Pelikan International Corp Bhd said it plans to commence negotiating a written agreement with relevant parties to acquire the business of Switzerland-based Pelikan Hardcopy Holding AG.
    In a statement to Bursa Malaysia, Pelikan International said the potential acquisition will result in the re-consolidation of the PELIKAN brand name more than 10 years after the disposal of the hardcopy division by Pelikan Holding.
    ‘Following the potential acquisition, the enlarged group will have sturdy footing as both businesses are international businesses that can be further built up with stronger financial backing based on the established PELIKAN brand name,’ it said.
    ‘The re-consolidation will create new development opportunities for mutual development. Besides market expansion through sharing of resources and mutual tapping of sales and distribution networks, the potential acquisition will also result in increased product ranges which are complementary to each other,’ it said
    It said the potential acquisition is expected to yield synergies and common costs savings, which are likely to enhance the enlarged group’s overall profitability in the future.
    Pelikan Hardcopy is the largest independent non original equipment manufacturer and distributor of imaging supplies and printer accessories in Europe with a recognized brand name.
    These products include inkjet, toner, thermal transfer, office media and impact cartridges, among others