OKI Data to Complete Acquisition of Seiko I Infotech

OKI Data Corporation has acquired the wide format printer business of Seiko I Infotech Inc. (“SIIT” hereinafter), a subsidiary of SII. SIIT’s business and assets acquired include a portfolio of wide format inkjet printers for signs and LED graphic plotters, the technologies and development resources, as well as the relevant sales channels.

According to their stock purchase agreement, OKI Data now own all SIIT shares held by SII. Also, OKI Data Corporation’s overseas subsidiaries in Europe and the US each will take over the wide format printer business and assets of SII’s European and US group companies, which are currently held by SII in Europe and the US. The business transaction will be completed on October, 2015, while it will not affect “the various products and services currently provided by SIIT, including products and services related to wide format printers”.

OKI Data believes it will enhance its product portfolio and product development capabilities through this acquisition.