*NEWS*PELIKAN MAYLASIA ACQUIRES EU CO.

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*NEWS*PELIKAN MAYLASIA ACQUIRES EU CO.

 user 2006-02-07 at 10:23:00 am Views: 86
  • #14207

    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