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.