The OEM has completed its buyout of the global wide-format printer business of Seiko I Infotech (SIIT), a subsidiary of Seiko Instruments (SII).
The new entity, OKI Data Infotech, began operating as part of the OKI group in 1 October, 2015, while on the same day subsidiaries in Europe and the US completed the acquisition of the printer business and assets from SII’s European and US group companies.
Formal confirmation of the deal came in July 2015, and OKI positions the high-value-added printer business as its “major growth area”, while the professional printer market remains an important sector.
Takao Hitamoto, President of OKI, said: “Through this acquisition, we have not only acquired a portfolio of wide-format inkjet printers for signs and LED graphic plotters, but also the corresponding technologies, development resources, and sales channels.
“By offering one-stop printing solutions targeting the printing, distribution, and retail industry sectors, we will strengthen our printer business in the professional printer market.”