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Business

Konica Minolta increases stake in MGI

Konica Minolta has acquired an additional stake in MGI Digital Technology, bringing its total holding in the French manufacturer to 42.3%.

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Konica Minolta first formed an equity and business alliance with MGI in early 2014

MGI, which focuses on the manufacture digital-based high-value-added printing equipment, formed an equity and business alliance with Konica Minolta back in January 2014.

According to Konica Minolta, the decision to increase its stake in the firm was based on four primary factors, firstly that the arrangement will support its “aggressive expansion into industrial printing business”.

“Over the medium- to long-term, the company believes that demand for industrial printing will shift more to on-demand than ever before, and that the shift from analog to digital printing will increasingly accelerate in order to respond to this change in demand,” Konica Minolta says.

“Furthermore, the technologies cultivated in this area are expected to expand the scope of application from simple printing to goods to functional printing.”

Konica Minolta will accelerate the development of material technologies and production technologies for the early commercialisation of functional printing

Konica Minolta adds that the increased stake will help to enhance its presence in the digital decoration printing, which it has cited as a key growth market for the coming years

“It is essential to expand the line-up of digital embellishment machines that make printed materials more appealing, and it is crucial for Konica Minolta to deepen the alliance with MGI, the first company in the world to commercialise digital embellishment printing machines,” the manufacturer says.

The acquisition, Konica Minolta says, will also help to increase value proposition to the packaged printing market and strengthen presence in the sector singling out its AccurioJet KM-1e sheet-fed UV inkjet printing machine as a key solution for the firm moving forward.

In addition, Konica Minolta says the increase stake will help to support its aim of early commercialisation of printed electronics and chipless RFID.

“Through this increase of stakes in MGI, Konica Minolta will accelerate the development of material technologies and production technologies for the early commercialisation of functional printing, in addition to the synergies of the results that both companies have accumulated to date,” it says.

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