Japanese printing solutions company, Konica Minolta has acquired the production printing business of Chennai based Monotech Systems for an undisclosed amount.
The deal will be effective from June. Under the agreement, all Konica Minolta customers with Monotech Systems will be transferred to it and the staff serving to production printing division of Monotech Systems will also be transferred to Konica Minolta.
Along with that Konica Minolta will also operate out of 40 locations providing direct Sales & Service support to its customers. All Konica Minolta customers with Monotech Systems will be transferred to Konica Minolta India. Monotech Systems’ entire manpower involved in this business will also be transferred to Konica Minolta India.
The other three distributors HCL Infosystems Limited, KMI Business Technologies Private Limited and TechNova Imaging Systems Limited will continue to be its valued business associates and operate as earlier.
Yuji Nakata, MD, Konica Minolta India said, “The Production Printing market in India has been rapidly growing and we have played a leadership role in developing the market. We have now set ambitious targets for ourselves and the MSL acquisition will provide us a platform to directly create new value for our customers, and achieve higher levels of customer satisfaction.”
TP Jain, MD, Monotech Systems Limited, stated – “For MSL, the Konica Minolta business has been the key driver of our growth. We thank our customers in having confidence in MSL and embracing Konica Minolta products. We are confident that post this acquisition, their experience on Konica Minolta products will further improve.”
For more than a decade Monotech Systems has been a leading manufacturer and supplier of high end, high performance and reliable products and solutions for printing and packaging industry. Its offerings include solutions and equipment for Pre-Press, Digital Printing, Digital Enhancement, Wide Format Printing, Engineering Systems, Labels & Packaging along with printing softwares.