Konica Minolta acquires a business division of Monotech Systems

With offices across India, Monotech Systems 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 Konica Minolta India. Monotech Systems’ employees supporting this business will also be transferred to Konica Minolta India.

 

The company’s other three distributors - HCL Infosystems, KMI Business Technologies and TechNova Imaging Systems - will continue to operate separately.

 

Commented Yuji Nakata, managing director, Konica Minolta India: ‘The production printing market in India has been rapidly growing and we have played a leadership role in developing the market. We have now set ambitious targets for ourselves and the acquisition will provide us a platform to directly create new value for our customers, and achieve higher levels of customer satisfaction.’

 

TP Jain, managing director, Monotech Systems, said, ‘The Konica Minolta business has been the key driver of our growth. We thank our customers in having confidence in Monotech Systems and embracing Konica Minolta products. We are confident that post this acquisition, their experience on Konica Minolta products will further improve.’