BWI: Canon takes over Océ operations in India

Press release from Business Wire India
Source: Canon
Monday, January 17, 2011 01:00 PM IST (07:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Information technology, Publishing & printing; Technology
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Canon takes over Océ operations in India


New Delhi, Delhi, India, Monday, January 17, 2011 -- (Business Wire India) -- - Targets revenue of Rs 100 crore in Professional & Display Graphics Printing Business in 2011
- Announces two Business Divisions in the Digital Production & Wide Format printing space
- Aims market leadership with largest product portfolio of 70 products

Canon India, the country's foremost technology provider in the printing domain, and Océ, an international leader in digital document management and delivery, today announced that they will join forces in India. Canon and Océ will aim to become the No. 1 in the professional & graphics printing industry. Océ is headquartered in the Netherlands. Canon will sell, distribute and service Océ products in the areas of production printing, wide format printing, signage printing and business services. Following this announcement, Canon India will position itself as the undisputed leader in professional and Display Graphics printing domain.

Canon currently holds an approximately 90% stake in Océ. Canon India expects joining forces with Océ will generate Rs 100 crore revenue in this domain in 2011.

"Canon has grown exponentially in the year 2010," said Mr. Kensaku Konishi, President & CEO, Canon India. "This move enhances our strategy and positions us to become technology leaders, offering greater value products and services to customers and partners of both our companies. With this move, we will change the dynamics of competition in the industry and that will also benefit customers in terms of cost and propositions." Canon registered 50% growth in the year 2010 with revenues of Rs 1260 crore and is expected to generate revenues of 1 billion US$ by 2015".

Going forward, Canon India will be handling the Océ business portfolio and will be the single interface across a range of products targeting multiple segments including Offset printing, transaction printing, bill printing, signage printing, Photo arts printing, CAD and GIS printing. Currently Canon has 19 products in its professional printing portfolio and together with Océ the portfolio will increase to 70 product offerings. The alliance will offer customers the largest portfolio in the professional printing space.

Commenting on joining forces, Mr. Alok Bharadwaj, Senior Vice President Canon India, said, "India is a major printing market. The size of the digital printing industry in India is Rs 1000 crore. The Indian print industry has around 1 lac offset printers & 1000 print shop providers. The digital printing industry in India is expected to grow at 25% year on year. Océ, being a world leader in various printing segments including the production printing domain, will supplement Canon's best in class processes and infrastructure. This will effectively enhance our ability to unlock the market's considerable potential and to become the key growth driver in the digital printing market. Canon launched its production business in late 2007 and achieved revenues of Rs.30 crore in 2010. We aim to generate revenues of Rs. 100 crore in 2011 with this business integration." He further added, "Canon India has appointed 2 new business divisions and appointed separate heads , namely Puneet Datta, who will manage the Océ Production & Printing division, and Rajeev Tewari, who will lead the Wide Format imaging division. A team of 50 sales & service staff is dedicated to the business of professional & graphics printing targeting major companies and printing firms across the nation."

Mr. Wil Snijders, Vice President Emerging Markets & Direct Export at Océ, added, "In the world of printing, there is no bigger or more exciting growth opportunity than India. I am looking forward to expansion in Océ's business now as Océ has joined forces with Canon. There is a great fit between our companies. We share similar values and a strong commitment to technology and innovation. This is the most compelling combination in the consolidating global printing industry and will deliver scale in R&D, manufacturing and distribution. India is a very important market for us. We are extremely proud to enter India through our association with Canon. Our partnership and the combination of the Canon and Océ operations will transform our ability to unlock Indian market's considerable potential and enable us to become a significant player in the arena of professional and commercial printing in this market."

About Canon Inc

Canon Inc. is a global leader with total revenue of about US$ 37 billion in 2010, in photographic and digital imaging solutions. Its global network now includes 239 companies, employing approximately 169,000 people. Five Technology 'imaging' engines of Optical, Electro photography, Bubble Jet, Semiconductor and Display drive Canon's cutting-edge technology products. Canon is the world leader in office automation and digital imaging technologies. The company is dedicated to the advancement in technology and innovation and commits 10% of its total revenue each year to R&D. Canon is ranked 33rd on the Best Global Brands for the second consecutive year in Business Week's 100 Best Global Brands and amongst top 200 on the Fortune Global 500 in year 2009. Canon has consistently remained as one of the top 3 global companies to have earned the most number of patents over the last decade. Guided by its kyosei philosophy, which focuses on "living and working together for the common good", Canon delivers high performance and user-friendly products and solutions to improve efficiency both in the office and home environment. More information is available on the www.canon.co.in website.

Canon in India

Canon India experienced 50% growth and has achieved revenue of Rs 1260 Crores during calendar year 2010. Revenues in 2009 were 840 Crores, a 50% growth over 2009. Canon focuses on multiple market segments of consumer, B2B, Government & Commercial. Canon's product portfolio extends over a vast variety of copier MFDs, fax-machines, printers, scanners, All-in-ones, digital cameras, camcorders and multi media projectors, cable ID printers, semi conductors and card printers.

Canon India Pvt. Ltd. is a 100% subsidiary of Canon Singapore Pte. Ltd., a world leader in imaging technologies. Set up in 1997, Canon India markets over 140 comprehensive range of sophisticated contemporary digital imaging. The company today has offices in 7 cities, warehouses in 13 cities across India and employs over 800 people. Canon has approximately 380 primary channel partners 13 National Retail Chain partners, and over 4000 secondary retail points. Oce distributors in India will now be a part of Canon partner network. Canon's service reach extends to over 100 towns with 200 service Engineers 11 Master service centres and 33 Canon Care Centers. Canon and Océ products are available with complete service support network.

Canon and Océ: Stronger together

In 2010 Océ joined the Canon Group of companies with headquarters in Tokyo, Japan, to create the global leader in the printing industry. Canon develops, manufactures and markets a growing line-up of copying machines, printers, cameras, optical and other products that meet a diverse range of customer needs. Canon employs approximately 170,000 people worldwide. Global revenues in 2009 were $35 billion. For more information visit www.canon.com.

About Océ

Océ is one of the world's leading providers of document management and printing for professionals. The broad Océ offering includes high speed digital production printers and wide format printing systems for both technical documentation and color display graphics, as well as office printing and copying systems. Océ is also a foremost supplier of document management outsourcing. Many of the Fortune Global 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 100 countries and employs some 22,000 people worldwide. Total revenues in 2009 amounted to ?2.6 billion. Océ is listed on Euronext in Amsterdam. For more information on Océ, visit the corporate website www.oce.com


CONTACT DETAILS
Rinu Jha, 20:20 MEDIA, +91 9999687155, rinu@2020india.com
Akansha Pahwa, 20:20 MEDIA, +91 9990064568, akansha.pahwa@2020india.com
Nick Gale, Manager Media Relations, Océ, +31 77 359 56 28, nick.gale@oce.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, ELECTRONICS, IT, PUBLISHING, TECHNOLOGY

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