Canon Announces Plans to Acquire Océ for $1.1 Billion

According to Canon President and COO Tsuneji Uchida, "Through the merger of Canon and Océ, we believe that we will be able to realize clear benefits, not only in the area of R&D, but also in terms of product mix and marketing, and are confident that this winning combination will contribute greatly to our goal of becoming the overall No. 1 presence in the printing industry."