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Konica Minolta to buy Danka U.S. unit for $240 mln
TOKYO,
April 08- Japan’s Konica Minolta Holdings Inc said on Wednesday it
would buy a U.S. unit of British office imaging equipment supplier
Danka Business Systems Plc for around $240 million.The office
equipment maker is looking to boost its production and distribution
worldwide and also recently agreed with Dutch firm Oce NV to jointly
develop and market office-use printers and production print
systems.Konica Minolta said the purchase of Danka Office Imaging would
help it increase its U.S. customer base while expanding its range of
services and support capabilities.In the financial year ended March
2007, Danka Office Imaging generated about $450 million in sales.Konica
Minolta’s shares were trading up 0.7 percent at 1,513 yen as of 0021
GMT.
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