Category: Financial News

This Week in Imaging: How IKON, Lanier, Savin Acquisitions Have Made a Tough Road for Ricoh

At first it seemed the acquisition of IKON would only be a boon for Ricoh. After all, IKON was said to be the world’s largest independent provider of copier/MFPs, printers, and related services, with over 400 offices in North America and Western Europe, regional sales and service training facilities, a roster of Fortune 500 customers, and revenues of $4,167 million for its fiscal year before it was purchased by Ricoh.

Earnings up for Kodak’s Fiscal Year, Growth in Key Product Areas

Revenues for the full year 2017 were $1.5 billion, down 7 percent from 2016. The revenue decline was driven by volume and pricing declines within the company’s commercial print business and volume declines in the company’s consumer inkjet and industrial film and chemicals businesses.

Ricoh Dismisses Reports of Layoffs, Unit Sales

The Nikkei-Asian Review also said that Ricoh would be  as well selling a logistics unit in Japan, and an “aging factory for copiers and other office equipment, as well as recording “tens of billions of yen worth of impairment losses,”and setting aside “at least ¥200 billion” for mergers and acquisitions.

Looking for Bigger Bite of A3 Copier/MFP Market, HP Aims for 12 Percent Share by 2021

“We have now created a larger print family, which will help us address the $55 billion A3 market opportunity along with adding capabilities and revenue in A4,” said Weisler. “The integration efforts and key initiatives are on track. We are joining teams, combining our product portfolios, on boarding new partners, rationalizing SKUs, and streamlining processes.”