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Konica Minolta Acquires Pitney Bowes Canada's Imaging Solutions Bussiness
Acquisition to Expand Konica Minolta's Reach in North AmericaRAMSEY, NJ, Apr 16, 2014 — Konica Minolta Business Solutions U.S.A. (Konica Minolta) today announced that Konica Minolta Business Solutions (Canada) has acquired Pitney Bowes Canada's Document Imaging Solutions (DIS) business, consisting of the hardware and document management software solutions segment, which generated approximately CAN$82 million in revenue in 2013.
As part of the transaction, Konica Minolta and Pitney Bowes also announced a strategic alliance whereby Konica Minolta Business Solutions (Canada) will represent Pitney Bowes Canada's mailing business in the provinces of Saskatchewan, New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince Edward Island, and other select geographies across Canada.
The acquisition supports the Konica Minolta's North American growth strategy by allowing Konica Minolta to significantly expand its existing Document Imaging Solutions business to commercial and corporate accounts in Canada, thus increasing the company's market share within the Canadian marketplace.
"We believe this expansion will ultimately provide new value to our customers in North America." says Rick Taylor, president and COO, Konica Minolta Business Solutions U.S.A., Inc. "By expanding our direct sales and service network across Canada by more than 300 people, and by leveraging Pitney Bowes' excellent campaign management, email marketing and direct mail synergies, we will be able to increase our footprint within the technology optimization space in North America."
"The sale of our Document Imaging Solutions business in Canada to Konica Minolta is a win-win for Pitney Bowes and our clients," said Mark Shearer, executive vice president & president, Pitney Bowes SMB Mailing Solutions. "This transaction is another step in our ongoing strategy to focus on delivering innovative SMB shipping and mailing, enterprise mail and services, and digital commerce solutions to meet our client's global commerce needs. Canada represents a core geographic market for Pitney Bowes and we remain fully committed to supporting our clients in Canada to effectively and efficiently grow their business."
Pitney Bowes, a global technology company, provides shipping and mailing solutions, data management software, and location intelligence offerings, powering billions of physical and digital transactions in the connected and borderless world of commerce.
Konica Minolta is a registered trademark of Konica Minolta, Inc. All other trademarks mentioned in this document are the property of their respective owners.
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