OKI Seeking to Enter Wide-Format Printer Business with Proposed Acquisition of Seiko I Infotech Business

seiko i infotech wide-format printer

Seiko I Infotech wide-format printer.

May 21, 2015 –  OKI Data of Tokyo, Japan, is seeking to acquire the wide-format printer business of Seiko I Infotech. OKI says it’s exchanged a memorandum to transfer the wide-format printer business of Seiko I Infotech, a subsidiary of SII, to OKI Data, and that both companies will pursue negotiations with a view to completing the business transfer by October 1, 2015.

OKI says Seiko I Infotech (SIIT) is well-received mainly in the sign-graphics-printing and engineering-printing markets for its product development ability and strong sales specializing in these target segments. However, it says that it’s essential that Seiko I Infotech enhance its overseas sales, as well as its product portfolio, with a view to further growth for its wide-format printer business. SIIT has been seeking measures to achieve this through forming alliances with other companies.

To achieve business growth within the professional-printing market, OKI says it believes it must enhance its technology-development ability and product portfolio, as well as strengthen its sales channels in new product areas such as wide-format printers.

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