OKI Data Acquires Seiko's Wide-Format Printer Business to Create New Company

TOKYO—October 6, 2015—OKI Data, an OKI Group company specializing in the printer business, has completed the acquisition of the globally-deployed wide-format printer business of Seiko I Infotech Inc. ("SIIT" hereinafter), a subsidiary of Seiko Instruments Inc. ("SII" hereinafter), from SII.

OKI Data established OKI Data Infotech ("OKI Data Infotech" hereinafter) by acquiring all SIIT shares held by SII. The new company began operating as a member of the OKI Group on Oct. 1, 2015. On the same day, OKI Data's overseas subsidiaries in Europe and the U.S. completed the acquisition of the wide-format printer business and assets from SII’s European and U.S. group companies. OKI Data Infotech will assume responsibility for all services and products in the wide-format printer business currently provided by SII’s European and U.S. group companies.

OKI Data positions the high-value-added printer business as its major growth area with the professional printer market being an important sector.

"We are pleased to have completed the acquisition of the wide-format printer business from SII," said Takao Hiramoto, president of OKI Data. "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."

Overview of OKI Data Infotech
Company name: OKI Data Infotech
Representative: Junichiro Azuma
Address: 8, Nakase 1-chome, Mihama-ku, Chiba, Chiba Prefecture, Japan
Effective date: October 1, 2015
Number of employees: 236
Lines of business: Design, development, manufacturing, sales and maintenance of wide- format printers
Capital: 1 billion yen<

About OKI Data

OKI Data specializes in the design, development, manufacture, and marketing of business printing solutions that empower organizations to communicate more effectively. A subsidiary of Tokyo-based OKI Electric Industry (established in 1881 as Japan’s first telecommunications manufacturer), OKI Data fields representatives in 100 countries to offer innovative, leading-edge products and services worldwide.

About OKI Data Americas
OKI Data Americas, headquartered in Mount Laurel, New Jersey, and a subsidiary of OKI Data of Japan, markets PC peripheral equipment and customized printing solutions under the OKI brand, as well as a full line of options, accessories, and consumables. OKI Data Americas serves the graphic arts, production, and specialty printing markets with its innovative professional series of digital production printers.

In addition, its Multimedia Production Platform category of production-quality color devices meets a wide range of graphic arts and commercial printing needs. OKI Data’s broad portfolio of monochrome and color single function and multifunction devices paired with a host of software solutions deliver improved office automation and workflow. Utilizing Genuine OKI toner ensures consistent, reliable, and high-quality output that maximizes performance.

OKI Data offers a broad portfolio of products built to optimize managed print engagements. OKI Data Americas takes a consultative approach to supporting every customer's needs and delivering individualized printing solutions that optimize business performance. The company's innovative technology is backed by Tokyo-based parent company OKI Electric Industry, a leader in telecom, infrastructure, and mechatronics systems, as well as an approximately $4.5 billion multinational corporation according to its FY 2014 financial reporting. Keeping its customers' needs top of mind, OKI Data Americas is ISO 9001:2008 certified and offers a selection of ENERGY STAR certified products.

Source: OKI Data Americas.