MGI headquaters
Konica Minolta has acquired a minority stake in MGI Digital Graphic Technology, forming a strategic alliance aimed at accelerating the innovation and commercialisation of next generation digital printing solutions.
The company will acquire a 10% stake in MGI, valued at €13.7 million through a reserved capital increase. This investment will be dedicated to drive future growth, and is part of a common long term vision to establish a stronger presence in the professional digital printing market.
Building on a strong relationship that has lasted over a decade, the two business partners have agreed to expand their collaboration by entering into a strategic alliance that maximises the development and the marketing of existing and future products.
Creating new and mutually rewarding opportunities, the two companies will build upon each other’s strong history, proven track record of innovation and customer service to create a strong joint effort enabling long term successes.
As part of this alliance, MGI will maintain its independence will remain autonomous in defining its strategic axes in the midst of a rapidly evolving industry landscape.
Edmond Abergel, CEO and chairman, said, ‘We are very happy and proud that Konica Minolta recognise 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 art industry and printed electronic 3D.’
