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Canon has achieved yet another milestone. Canon India and Oce, an international leader in digital document management and delivery, announced that they will join forces in India. Canon and Oce will aim to become the No. 1 in the professional & graphics printing industry. Canon will sell, distribute and service Oce products in the areas of production printing, wide format printing, signage printing and business services. Following this announcement, Canon India will position itself as the undisputed leader in professional and Display Graphics printing domain.
Canon currently holds an approximately 90% stake in Oce. Canon India expects joining forces with Oce will generate Rs. 100 crore revenue in 2011. Canon registered 50% growth in the year 2010 with revenues of Rs 1260 crore and is expected to generate revenues of 1 billion US$ by 2015
Going forward, Canon India will be handling the Oce business portfolio and will be the single interface across a range of products targeting multiple segments including Offset printing, transaction printing, bill printing, signage printing, Photo arts printing, CAD and GIS printing. Currently Canon has 19 products in its professional printing portfolio and together with Océ the portfolio will increase to 70 product offerings. The alliance will offer customers the largest portfolio in the professional printing space.
Sources revealed that India is a major printing market. The size of the digital printing industry in India is Rs 1000 crore. Océ, being a world leader in various printing segments including the production printing domain, will supplement Canon’s best in class processes and infrastructure. This will effectively enhance the ability to unlock the market’s considerable potential and to become the key growth driver in the digital printing market. A team of 50 sales & service staff is dedicated to the business of professional & graphics printing targeting major companies and printing firms across the nation.
ITVoir Network |
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