This Week in Imaging: HP-Samsung Merger May Be as Early as Next Month; More
Due to the long Fourth of July holiday in the United States, news was light this week. That said, this week’s news update concerning HP Inc.’s acquisition of Samsung’s printer business was interesting.
HP is planning to sell Samsung-branded printers in South Korea, due to loyalty to the Samsung brand name in South Korea. After its merger with Samsung is completed this year, “HP Inc.’s global printer market share is estimated to be 36.9 percent, and 4.2 percent in South Korea – the latter of which is over twice as much as Canon’s share in South Korea,” according to a Business Korea article. According to South Korea’s The Investor, HP will also sell its own inkjet printers and All-in-Ones in South Korea under the Samsung brand name, again because of the strong Samsung brand name.
Business Korea also states that HP purchased Samsung’s printer on July 2, 2017, for $1.05 billion as planned, and that it’s waiting for regulatory approval from authorities in both the United States and South Korea to approve the merger – and that the merger could be completed as early as next month.
“Current 6,000 employees of S-Printing Solution will be employed by HP after the merger. However, they will still work at the existing offices in Suwon. All the employees and executives are promised an employment succession and employment guarantee of five years,” states Business Korea. Additionally, South Korea’s The Investor reports that HP will be setting up a new R&D facility in South Korea – close to Seoul – that will begin operating in 2019.
Samsung to Withdraw from Printer Manufacturing Once Printer Business Acquired by HP
According to Business Korea, in 33 years, Samsung’s printer business – spun off from Samsung Electronics and now called S-Printing Solution Corporation, which is slated to be acquired by HP Inc. later this year – will now longer be in business. Read more here.
Ricoh New Zealand to Sell Stratasys 3D Printers
Ricoh New Zealand says it offers added value to the Stratasys partner network with its long-standing experience in offering office imaging, production printing, IT services, and document solutions to organizations ranging from government departments and education to enterprises and small and mid-size businesses. Read more here.
Pelikan Sells Foreign Cartridge-Brand Rights to Print-Rite
In a filing with Bursa Malaysia, the group said its printer consumable business is undertaken primarily via Pelikan Hardcopy Production AG (PHP), Pelikan Hardcopy Distribution GmbH & Co. KG (PHD) and Pelikan France S.a.s, and accounts for RM123.1 million or 9.3% of the group’s revenue in the year ending Dec 31, 2016 (FY16). Read more here.
Epson Completes Inkjet-Printer Factory as it Anticipates Increased Demand
Since the groundbreaking in January 2015, Epson says it’s invested U.S. $143 million to construct state-of-the-art facilities inside the grounds of the existing plant. It says it constructed the new facilities with the environment in mind, and that the roof of the new factory incorporates a “mega solar power generation system” with a maximum capacity of approximately 3,000 kW. Read more here.
Konica Minolta to Acquire Ambry Genetics for $1 Billion
Under the terms of the agreement, Konica Minolta via Konica Minolta Healthcare Americas (MHUS), a wholly owned subsidiary of Konica Minolta, and INCJ, will make an upfront, all-cash payment of $800 million to Ambry. Read more here.
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