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Canon to acquire Oce

Dec 1, 2009 12:00 AM

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Canon ( and Océ ( have reached a conditional agreement to combine their printing activities through a fully self-funded, public cash offer by Canon for all the shares of Océ. The offer values 100% of the issued and outstanding shares of Océ at approximately 730 million euros.

Following the completion of the merger, Océ will remain a separate legal entity and will become a division within Canon with headquarters in Venlo (The Netherlands). Océ will be responsible worldwide for wide format, commercial printing and business services. Océ's office activities will be integrated in Canon's Office Imaging Products division. Canon's Large Format Printing will be integrated in the Océ Production Printing Division over time. To create optimal scale in the right segments, the Océ division will report (managerial and financially) to the Canon Board and will lead the R&D and manufacturing for its businesses.