Konica Minolta Acquires Pitney Bowes Canada's Document Imaging Solutions Business
Acquisition to Expand Konica Minolta's Reach in Canada
Mississauga, ON – April 16, 2014 - Konica Minolta Business Solutions (Canada) Ltd. (Konica Minolta) today announced that it has acquired Pitney Bowes Canada's Document Imaging Solutions (DIS) business, consisting of the hardware and document management software solutions segment, which generated approximately CAN$82 million in revenue in 2013.
As part of the transaction, Konica Minolta and Pitney Bowes also announced a strategic alliance whereby Konica Minolta will represent Pitney Bowes Canada's mailing business in the provinces of Saskatchewan, New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince Edward Island, and other select geographies across Canada.
According to Chris Dewart, president and chief executive officer of Konica Minolta Business Solutions (Canada) Ltd., the acquisition supports the Canadian growth strategy. "The addition of Pitney Bowes Canada's Document Imaging Solutions business provides a tremendous opportunity for us to increase our market share within the Canadian marketplace, and continue to provide new value to benefit our customers," said Dewart. "It allows us to expand Konica Minolta's existing document imaging business to commercial and corporate accounts, and in key locations throughout Canada where we are working to grow our business. This acquisition expands our direct sales and service network across the country by more than 300 people."
"The sale of our Document Imaging Solutions business in Canada to Konica Minolta is a win-win for Pitney Bowes and our clients," said Mark Shearer, executive vice president & president, Pitney Bowes SMB Mailing Solutions. "This transaction is another step in our ongoing strategy to focus on delivering innovative SMB shipping and mailing, enterprise mail and services, and digital commerce solutions to meet our clients' global commerce needs. Canada represents a core geographic market for Pitney Bowes and we remain fully committed to supporting our clients in Canada to effectively and efficiently grow their business."
Pitney Bowes, a global technology company, provides shipping & mailing solutions, data management software, and location intelligence offerings, powering billions of physical and digital transactions in the connected and borderless world of commerce.
About Konica Minolta
Konica Minolta Business Solutions Canada, Ltd. is a leader in enterprise content management, technology optimization and cloud services. Our solutions help organizations improve their speed to market, manage technology costs, and facilitate the sharing of information to increase productivity. Recognized as a #1 Brand for Customer Loyalty by Brand Keys for seven consecutive years, awarded "MFP (multifunction peripheral) Line of the Year" by Buyers Laboratory LLC, and named to the Dow Jones Sustainability World Index, the company focuses on end-to-end business solutions to help your business grow. Clients trust Konica Minolta to help them envision how they can achieve their goals and deliver innovative solutions to give shape to their ideas. For more information, please visit www.konicaminolta.ca.
About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Many of the company's solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes: Every connection is a new opportunity™. www.pitneybowes.ca
Director, Corporate and Marketing Communications
Konica Minolta Business Solutions (Canada) Ltd.
Manager, External Communications
Pitney Bowes Inc.
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Konica Minolta is a registered trademark of Konica Minolta, Inc. All other trademarks mentioned in this document are the property of their respective owners.