New Delhi, April 10, 2015: Konica Minolta Business Solutions India Pvt Ltd, the sales subsidiary of Konica Minolta Inc., Japan in India, and a dominant player in the production printing market, announces its acquisition of the Production Printing business of Monotech Systems Limited. The acquisition will come into effect from June 01, 2015. MSL is currently a distributor for Konica Minolta in India.
With offices all across India, Monotech Systems Limited has a large customer base. Upon completion of the acquisition, Konica Minolta will operate out of 40 locations providing direct Sales & Service support to its customers. Under the agreement, all Konica Minolta customers with Monotech Systems will be transferred to it and the staff serving to production printing division of Monotech Systems will also be transferred to Konica Minolta.
The other three distributors HCL Infosystems Limited, KMI Business Technologies Private Limited and TechNova Imaging Systems Limited will continue to be our valued business associates and operate as earlier. We thank all our partners for their active support in promoting our Digital Production Printing business in India.
Konica Minolta aims to further strengthen its leadership position in the Indian market, and this acquisition will create a multi-channel network of direct and indirect business across India. With this combination of direct and indirect channels, the Indian market will be supported by Konica Minolta trained Sales & Service team of over 400 professionals, making it the largest team supporting Digital Production Printing business anywhere in India.
Speaking on the occasion, Mr Yuji Nakata, MD, Konica Minolta India shared his perspective – “We thank our customers for their unstinted support to our brand. At Konica Minolta, we have always endeavoured to give customer satisfaction the highest priority. The Production Printing market in India has been rapidly growing and we have played a leadership role in developing the market. We have now set ambitious targets for ourselves and the MSL acquisition will provide us a platform to directly create new value for our customers, and achieve higher levels of customer satisfaction.”
Mr TP Jain, MD, Monotech Systems Limited, stated – “For MSL, the Konica Minolta business has been the key driver of our growth. We thank our customers in having confidence in MSL and embracing Konica Minolta products. We are confident that post this acquisition, their experience on Konica Minolta products will further improve.”