Date: Thursday March 7, 2019 11:22:50 am
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Canon Germany Sells Off
2 Print Service Subsidiaries In Germany.Canon Germany has sold its printing services subsidiaries – Canon Deutschland Business Services GmbH and Canon Deutschland University Services GmbH (CBS) – to ASC Investment Sarl.
ASC Investment is an investment company with offices in Luxembourg and Munich and will take on all of the approximately 300 employees of the two subsidiaries, which are employed at 45 locations, according to the company information. CBS provides printing services to around 60 major clients, specializing in in-house printing services (including transactional printing) and the provision of value-added services. These include, for example, the implementation of digital document workflows and the provision of creative services via the associated design center. The two subsidiaries became part of the Canon Group in 2010 through the acquisition of Océ NV by Canon Inc."We are pleased to have found a suitable new home for this business, enabling it to evolve as a stand-alone company and grow profitably. CBS has been a valuable part of our business for the past eight years. In order to make better use of the opportunities, the step into the autonomy of CBS will help to realize their full potential ", says Canon Deutschland CEO Rainer Führes. The new owner also sees the step into independence as setting the course for a successful future. "We are pleased to have found an agreement with Canon that enables CBS to shape its future independently and actively. As an independent company, CBS will be able to focus fully on its services and thereby become an even stronger partner for its customers, "says ASC CEO Frederic Hierl. Silence has been agreed on the positive purchase price.
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