OKI Data Corporation, an OKI Group company specializing in the printer business, announces that they have exchanged a memorandum with Seiko Instruments Inc (SII hereinafter) to transfer wide-format printers of the latter. Both companies will pursue negotiations based on the memorandum with a view to completing the business transfer by October 01, 2015, by executing a definitive agreement. OKI Data Corporation earns a strong reputation for introducing highly reliable printers based on exclusive LED technologies with a high-resolution, compact design and the capability of printing on special-purpose media for professional markets including the print industry and the design industry.
Meanwhile, SIIT is well-received mainly in the sign-graphic and engineering markets for its high product development ability and strong sales specializing in these target segments. However, it is essential that SIIT enhances overseas sales as well as its product portfolio with a view to further growth for its wide format printer business. SIIT has been seeking measures to achieve this through forming alliances with other companies. To achieve business growth within the professional printer market, OKI believes it must enhance its technology development ability and product portfolio as well as strengthening its sales channels in new product areas such as wide format printers.
