Konica Minolta has acquired an additional stake in French MGI Digital Technology (MGI), a manufacturer of digital-based printing equipment. The two companies formed an equity and business alliance in January 2014.
MGI’s digital decoration printing machines use inkjet heads manufactured by Konica Minolta and respond to the need for high-value-added printing such as foil stamping and embossing. MGI is also expanding into electronic circuit and other industrial printing.
Konica Minolta’s additional investment in MGI brings the stake to 42.3%. By adding partial varnishing, foil stamping, and other digital-output devices to its portfolio, Konica Minolta has significantly increased its presence in the industrial printing market.
A statement from Konica Minolta said that, over the past four years, its industrial printing business has approximately doubled in size. Moreover, the company believes that demand for industrial printing over the medium to long term will shift from analog to digital printing with the digitization of post-processing becoming increasingly important.
According Konica Minolta, the company will increase the value of MGI and establish a strong position in the market by effectively launching AlphaJet, taking advantage of the customer contacts it has accumulated through its global sales network and capabilities.
The statement adds that, in the future, Konica Minolta will aim to provide the ultimate digital system that can automatically complete all of the pre-process, printing, and post-process to the final product.