Konica Minolta Acquires Stake in MGI
TOKYO—Konica Minolta and Paris-based MGI Digital Graphic Technology (MGI) announced that they have reached an agreement whereby Konica Minolta will acquire a 10 percent stake in MGI, valued at €13.7 million (about US$18.7 million), through a reserved capital increase. MGI will use the investment to drive future growth and is aimed at establishing a stronger presence in the professional digital printing market.
This agreement will allow MGI to position itself as a global player and enables Konica Minolta to capitalize on MGI's expertise in the digital printing market. It also enables both companies to expand sales of existing and new products, including, but not limited to, the Meteor digital press line. As part of this alliance, MGI will maintain its independence and will remain autonomous.
Edmond Abergel, CEO and chairman of MGI, noted, “We are very happy and proud that Konica Minolta recognizes our accomplishments and our unique capacity to innovate. This strategic alliance will be the basis for the development of tomorrow’s innovative digital solutions for the graphic arts industry and printed electronic 3D.”
Through this strategic alliance, Konica Minolta seeks to achieve group-wide growth and maximize its corporate value.