Toshiba TEC Corporation acquires Ricoh’s Auto ID business

Toshiba TEC Corporation, a retail and industrial automation solutions provider, has acquired the Auto ID business from Tohoku Ricoh Co., Ltd, a wholly-owned subsidiary of Ricoh Company.  Prior to the transfer, Tohoku Ricoh separated its Auto ID division and established AI Solutions Co., Ltd, in October 2007. Toshiba TEC purchased the 100 percent share of the AI Solutions Co., Ltd on December 28, 2007 and completed the acquisition.

AI Solutions Co., Ltd has been specialized in development, manufacturing and sales of Auto ID systems with the annual turnover of 3 billion Yen, and Toshiba TEC expects to enhance the resource of auto ID solutions with this acquisition.