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.

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.