Konica Minolta and FUJIFILM Business Innovation Explore a Potential Strategic Alliance in Multifunction Printer and Printer Areas to Optimize Procurement, Toner Development and Production Efficiencies
May 02 2024 - 12:00PM
Konica Minolta Business Solutions (Canada) Ltd. (Konica Minolta)
today announced parent company Konica Minolta, Inc. has signed a
memorandum of understanding to begin a feasibility study for a
strategic alliance in the multifunction printer (MFP), office
printer and production printer segments.
The rapidly evolving market landscape for MFPs
and printers requires proactive measures. Konica Minolta and
FUJIFILM Business Innovation are actively considering a business
alliance to strengthen their business foundation, including the
development of a robust supply system for their products. The
companies are also seeking to expand other business alliances and
continue discussions. The main details of these promising
discussions are as follows:
(1) Procurement business alliance
- Exploring the establishment of a joint venture to coordinate
the procurement of raw materials and parts.
- Tentative timetable for establishment of a joint venture:
Second quarter of FY2024
- Shareholding Ratio: Majority ownership by FUJIFILM Business
Innovation Corp.
(2) Toner development and production business
alliance
(3) Other business alliances:
- Discussion and agreement on other
strategic collaborations related to the subject business will be
addressed separately.
“Sharing a common understating of the challenges
facing the business, the two leading companies will be able to
mutually maximize strengths through this alliance,” said Toshimitsu
Taiko, President and CEO, Konica Minolta, Inc. “I am looking
forward to working together to improve investment efficiency and
cost-competitiveness, strengthen capabilities for stable supply,
environmental initiatives, and business continuity plans (BCP), and
pursue the potential for enhancing business resilience as global
manufacturers.”
“The ongoing discussions for this business
alliance are of immense importance as we strive to strengthen our
competitiveness and expand our global presence to make a
significant leap forward,” Naoki Hama, President and CEO, FUJIFILM
Business Innovation Corp. “We are confident that this partnership
will create a new framework to enhance our supply chain and build a
robust business foundation.”
About Konica Minolta
Konica Minolta’s journey started 150 years ago,
with a vision to see and do things differently. We innovate for the
good of society and the world. The same purpose that kept us moving
then, keeps us moving now. Konica Minolta Business Solutions
(Canada) Ltd. is reshaping and revolutionizing the workplace to
achieve true connectivity through the Intelligent Connected
Workplace portfolio. Its business technology offerings include
IT Services, intelligent information management, video security
solutions and managed print services, as well as office technology
and industrial and commercial print solutions. Through its ongoing
work, the company is fortunate to be continuously recognized for
its products and services. This includes, but is not limited
to being included on CRN’s MSP 500 list numerous times; named a
finalist in the IT Software Category by The World Technology
Awards; recognized as the #1 Brand for Customer Loyalty in the
MFP Office Copier Market by Brand Keys and presented with
Keypoint Intelligence’s BLI 2021 A3 Line of The Year and BLI
2021-2023 Most Colour Consistent A3 Brand Awards for
its bizhub i-Series.
For more information, please visit Konica Minolta
online and follow its accounts
on LinkedIn, YouTube, Facebook, Twitter
(@KonicaMinoltaCA), and Instagram!
Konica Minolta Contact
Konica Minolta Media Relations – CanadaMarketing Department,
Konica Minolta Business Solutions (Canada)
Ltd.info@bt.konicaminolta.ca