Canon Singapore Makes Acquisition To Build Up Its Services Business
Canon Singapore announced that it has on 31 December 2015 completed its acquisition of EFFICIENT E-SOLUTIONS BERHAD’S wholly-owned subsidiaries, EFFICIENT MAILCOM SDN BHD (which in turn holds 100% of Printegrate Sdn Bhd) and EFFICIENT SOFTECH SDN BHD.
The acquisition provides Canon Singapore with the ability to further strengthen its position in the business services industry and fuel its future growth in the region. The core business of transaction printing and related services of the acquired companies is highly complementary to Canon Singapore’s existing suite of business products, solutions and services and will put it in even greater stead to achieve a leading presence in the industry with a combined enhanced offering to customers in Malaysia and the rest of South and Southeast Asia.
This investment speaks of Canon’s ambitions in South and Southeast Asia. Kensaku Konishi, President and CEO, Canon Singapore: “We will continue to invest in this region to increase our capabilities and footprint in line with the tremendous growth we expect in the South and Southeast Asia region. We are pleased with this latest acquisition as it will strengthen our offering to customers.”
EFFICIENT MAILCOM SDN BHD provides integrated outsourcing data and document processing services. EFFICIENT SOFTECH SDN BHD provides information technology services and development of propriety applications to optimise workflow and process management. And Printegrate Sdn Bhd carries out business relating to web-finishing products, forms printing and other related business documents.
The acquired companies will continue to operate independently. They will retain their management autonomy and operational agility while benefiting from Canon’s investment, brand, leadership and product suite.