Ricoh’s Acquisition of Hitachi Printing Solutions Official5 Oct, 2004
Ricoh’s Acquisition of Hitachi Printing Solutions Official
Effective October 1 Ricoh Company, Ltd. Officially acquired Hitachi Printing Solutions, Ltd. (HPRS) and each of its subsidiaries, including Hitachi Printing Solutions America, Inc. (HPRSA). HPRS will become Ricoh Printing Systems, Ltd. (RPS); HPRSA (located in Simi Valley, CA) will become Ricoh Printing Systems America, Inc. (RPSA); and Hitachi Printing Solutions Europe, HRPSA’s wholly-owned subsidiary and the center for European operations in Dublin, Ireland, will become Ricoh Printing Systems Europe (RPSE).
These Ricoh Printing Systems companies will sell production printer systems, inkjet technology, desktop color laser printers, and printer supplies in North America, South America, Europe, and the Middle East.
Customer and supplier agreements have been assigned to the new Ricoh entities and business activities are expected to go forward as usual. President and CEO Toshiaki Katayama will remain as head of Ricoh Printing Systems in Japan and President and CEO Osamu Namikawa will remain as head of Ricoh Printing Systems America. Ricoh Printing Systems will continue to develop and produce color and monochrome high-speed cut sheet laser printers, continuous form laser printers, desktop color laser printers, and industrial ink jet technology.