Canon targets Rs100-crore revenue in 2011 with Oce
17 Jan 2011
Canon India today said it will integrate the sales and distribution network of Netherlands-headquartered digital document management and delivery provider Oce, which it had acquired in 2009, in India.
The digital imaging firm said that it expects the combined offering to generate Rs100 crore in revenues in 2011.
Canon, which currently holds an approximately 90-per cent stake in Oce, will sell, distribute and service Oce products in the areas of production printing, wide format printing, signage printing and business services.
''The digital printing industry in India is expected to grow at 25 per cent year on year. Oce, being a world leader in various printing segments including the production printing domain, will supplement Canon's best in class processes and infrastructure,'' said Alok Bharadwaj, senior vice president, Canon India.
Canon, which had launched its production business in late 2007, has a current product line up of 19 in the professional printing portfolio. With the integration of Oce's products this will go up to 70. Its production business had achieved revenues of Rs30 crore in 2010.
''This is the most compelling combination in the consolidating global printing industry and will deliver scale in R&D, manufacturing and distribution,'' said Wil Snijders, vice president, emerging markets and direct export at Oce.