As part of its global growth strategy, Ricoh plans to purchase Ikon Office Solutions.

By Bob Neubauer

In late June, Konica Minolta Business Solutions USA completed its acquisition of Danka Office Imaging, strengthening its distribution capabilities. Now Ricoh is about take the same approach.

The company just announced plans to acquire Ikon Office Solutions, the only remaining large, independent U.S. distributor of printers, copiers and MFPs. The $1.617 billion deal, ambitiously targeted to close during the fourth quarter of 2008, has been approved by both boards of directors, though it still requires approval of shareholders and North American and European antitrust authorities.

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Bob Neubauer Author's page

Bob has served as editor of In-plant Impressions since October of 1994. Prior to that he served for three years as managing editor of Printing Impressions, a commercial printing publication. Mr. Neubauer is very active in the U.S. in-plant industry. He attends all the major in-plant conferences and has visited more than 170 in-plant operations around the world. He has given presentations to numerous in-plant groups in the U.S., Canada and Australia, including the Association of College and University Printers and the In-plant Printing and Mailing Association. He also coordinates the annual In-Print contest, co-sponsored by IPMA and In-plant Impressions.

Ricoh to Purchase Ikon