*NEWS*KONICA MINOLTA TO BUY DANKA U.S. UNIT FOR $ 240M.

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*NEWS*KONICA MINOLTA TO BUY DANKA U.S. UNIT FOR $ 240M.

 user 2008-04-09 at 1:19:28 pm Views: 60
  • #19838

    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.