Canon, the Japanese maker of cameras, copy machines and other electronics and
Oce, which sells printers and copiers and has relied heavily on sales to banks and architecture firms are on target for Canon’s $1.1Billion purchase. The over riding objective is to be the #1 presence in the printing industry. The combination will yield a huge sales network in Asia, Europe and the USA.
The combined Canon-Océ will be up against competition from Fuji and Ricoh to dominate the European, USA and Asian markets. Canon’s acquisition comes just a year after Ricoh bought Ikon Office Solutions, based in Pennsylvania, for $1.62 billion.
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