Konica Minolta Acquires Pitney Bowes Canada’s Document Imaging Solutions
Konica Minolta Business Solutions U.S.A. reports that, for an undisclosed sum, Konica Minolta Business Solutions (Canada) has acquired Pitney Bowes Canada’s Document Imaging Solutions (DIS) business, consisting of the hardware and document-management software and solutions segments, which generated approximately $82 million (Canada) in revenue in 2013.
The firm says the acquisition is part of its continued efforts to expand Konica Minolta’s North American reach. It says the acquisition supports Konica Minolta’s North American growth strategy by allowing the company to significantly expand its existing document-imaging and solutions business to commercial and corporate accounts in Canada.
As part of the transaction, Konica Minolta and Pitney Bowes also announced a strategic alliance under which Konica Minolta Business Solutions (Canada) will represent Pitney Bowes Canada’s mailing business in the provinces of Saskatchewan, New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince Edward Island, and other select geographies across Canada.