Konica Minolta Acquires Stake in French Production-Printer Maker MGI Digital Graphic Technology
Konica Minolta of Japan reports that it’s purchasing a 10 percent stake in MGI Digital Graphic Technology (MGI) for 13.7 million euros ($18.5 million U.S.), a move its says is part of its long-term vision to establish a stronger presence in the professional digital-printing market.
Both companies will co-develop and co-market existing and future products. This agreement will allow for:
- Growth for MGI, as it gains additional market exposure from Konica Minolta’s worldwide reach.
Konica Minolta will capitalize on MGI’s expertise in the digital-printing market.
- Expansion of sales for both companies, including sales of MGI’s Meteor Digital Press commercial-printer line.
As part of this alliance, MGI will maintain its independence and will remain autonomous.
Founded in 1982, MGI, which is headquartered in Ivry, just outside of Paris, is a public company and is listed on the Euronext/NYSE as ALMDG. It posted net sales of over 27.1 million euros ($36.7 million U.S.) in fiscal 2012.Its R&D center focuses on electronics, IT, micro-mechanics, colorimetry, and inkjet printing. Its digital printing and finishing solutions are placed with a wide range of industries, including commercial printers, plastic-card manufacturers, government agencies, packaging firms, in-plant printers, newspaper printers, photo printers/labs, and book printers.
Among the digital printers MGI markets are two digital presses, the Meteor DP8700 S and Meteor DP8700 SL, as well as the EnvelopExpress Pro, and two commercial inkjet printers, the JETvarnish 3D and JETcard 3D.