Kyocera makes Mita move to speed copying convergence
Kyocera makes Mita move to speed copying convergence
Kyocera has purchased the copier and fax machine maker Mita Industrial in a bid to strengthen its position in the office equipment market. Mita had overall worldwide sales of more than $1.8 billion and will continue as a separate wholly-owned subsidiary of Kyocera, concentrating on digital copiers, fax and multi-functional products.
Meanwhile, Kyocera Electronics Australia will continue to focus on the laser printer, optical and mobile telecommunications markets.
The two companies will integrate technologies and resources to specialise in document management systems under 200 pages per minute.
"The acquisition of Mita Industrial will allow Kyocera to build on the company's strengths and position in the marketplace offering customers end-to-end solutions," said David Finn, Kyocera's Australian/New Zealand managing director. "Kyocera predicted that the convergence of the printer and photocopying industry would mean fiercer competition in the office equipment market. /p>
"With the acquisition of Mita Kyocera can now move into new product offerings and compete more readily in this space.
"The acquisition will further mean Kyocera can work with Mita to create innovative products at competitive prices. Combined with our current range of Ecosys laser printers, Kyocera will enter the new millennium as a leading IT&T player in total document management solutions," he said.