A major office machines manufacturer has announced its intention to increase its UK-based operations by acquiring a British company.
Konica Minolta – which is a major player in the office machines and camera sectors – has secured a deal to buy out Ideal Reprographics, which is based in Basildon, Essex.
The deal will mean that the two companies – which have been working closely for a number of years – will merge and work together on a number of office equipment projects in the future.
Yuki Kobayashi, managing director of Konica Minolta UK, said: "This acquisition will facilitate and support the continued growth of Ideal, and at the same time contribute to Konica Minolta’s drive towards its strategic market goals in the UK – this acquisition being clear evidence of our commitment to achieving these".
Earlier this month, Konica Minolta and Oce – a Dutch manufacturer – agreed that they will work together on a number of projects and will market their office machines using the same agency and techniques.
At Paperstone we can supply your firm with a wide selection of office machines.