Konica Minolta acquires Monotech Systems

Konica Minolta India has announced the acquisition of one of the distributors Monotech Systems (MSL).

This acquisition would create a multi-channel network of direct and indirect business across India. With the combination of direct and indirect channels, the Indian market will be supported by Konica Minolta trained sales and service team of over 400 professionals, making it the largest team supporting digital production printing business anywhere in India.

Yuji Nakata, MD, Konica Minolta India said, “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.”

The company, however, did not disclose financial value of the acquisition. Monotech Systems currently is a distributor of Konica Minolta in the country and the acquisition will come into effect from June 1.

Along with that Konica Minolta will also operate out of 40 locations providing direct Sales & Service support to its customers. All Konica Minolta customers with Monotech Systems will be transferred to Konica Minolta India. Monotech Systems’ entire manpower involved in this business will also be transferred to Konica Minolta India.

TP Jain, MD, Monotech Systems said, “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.”

The other three distributors HCL Infosystems, KMI Business Technologies and TechNova Imaging Systems will continue to be its valued business associates and operate as earlier.