Konica Minolta Acquires Minority Stake in MGI
“A common long-term vision to establish a stronger presence in the professional digital printing market.”
Konica Minolta, Inc. has acquired a 10-percent stake in MGI Digital Graphic Technology (MGI), the French producer of digital print and finishing solutions. MGI will maintain its independence and will remain autonomous in defining its industry strategy, the companies report.
“This investment will be dedicated to drive future growth, and is part of a common long-term vision to establish a stronger presence in the professional digital printing market,” the companies announced in a press release.
“We are very happy and proud that Konica Minolta recognizes our accomplishments and our unique capacity to innovate. This strategic alliance will be the basis for the development of tomorrow’s innovative digital solutions for the graphic-art industry and printed electronic 3D,” says Edmond Abergel, CEO and chairman of MGI.
The companies report that this agreement:
• “Will allow for MGI to grow to greater heights as a global player, as it gains additional exposure supported by the strong reputation and positioning of Konica Minolta, Inc. worldwide.
• “Konica Minolta to capitalize on MGI's expertise in the digital printing market and its capacity to innovate.
• “Both companies to devote their best efforts to expand sales of existing and new products, including, but not limited to, the Meteor Digital Press line.”
Headquartered in France, MGI also has offices in the USA and Singapore; its subsidiaries include Ceradrop (specializing in the manufacturing of high-end inkjet equipment for the printed electronics and new energy technologies) and Köra-Packmat (producing high precision mechanical feeding and transport systems).
MGI DIGITAL GRAPHIC TECHNOLOGY