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