Konica Minolta buys printing business of Monotech Systems
Konica Minolta has announced its acquisition of the Production Printing business of Monotech Systems Limited. The acquisition will come into effect from June 1, 2015. MSL is currently a distributor for Konica Minolta in India. With offices all across India, Monotech Systems Limited has a large customer base. Upon completion of the acquisition, Konica Minolta will operate out of 40 locations providing direct sales and service support to its customers. Under the agreement, all Konica Minolta customers with Monotech Systems will be transferred to it and the staff serving to production printing division of Monotech Systems will also be transferred to Konica Minolta. The other three distributors HCL Infosystems Limited, KMI Business Technologies Private Limited and TechNova Imaging Systems Limited will continue to be our valued business associates and operate, as earlier. Yuji Nakata, MD, Konica Minolta India, said, “We thank our customers for their unstinted support to our brand. ...
