Konica Minolta Inc. of Tokyo announced today that it has purchased a minority stake in MGI Digital Graphic Technology of Paris, which develops toner-based printing presses and associated coating systems.
The minority stakes translates as Konica Minolta taking a 10 percent interest of MGI, valued at €13.7 million ($20.4 million). This strategic alliance between the two companies is to focus on “accelerating the innovation and commercialization of next generation digital printing solutions.” The companies will co-develop and co-market both existing and future products employed within the printing industry.
“We are very happy and proud that Konica Minolta recognizes our accomplishments and our unique capacity to innovate,” stated Edmond Abergel, CEO and Chairman of MGI. “This strategic alliance will be the basis for the development of tomorrow’s innovative digital solutions for the graphic art industry and printed electronic 3D.”
MGI notes the investment will also allow the company to become more of a global player with the added weight of Konica Minolta, one of the world’s largest imaging-sciences companies.