The transfer of shares is scheduled to complete on Nov. 30, 2018.
ColorGate, which was founded in 1997, has unique color management technology to support printing and decorating a wide variety of materials used for packaging, floor and wall coverings as well as textiles and signage
In February this year, Ricoh announced its growth strategy plan, “RICOH Ignite,” which sets out its intention to reinforce its value offering by expanding its printing technology portfolio.
To enhance its industrial printing business, Ricoh recently established a “Global IP Technology Center” and a “Global IP Marketing Center”. Significantly, both are located in Europe, which is increasingly the center of incubation for industrial printing markets.
“By combining ColorGATE’s proprietary software technology with our own industrial printers, Ricoh will provide solutions covering the whole printing workflow from Pre-Press to Post-Press,” said Peter Williams, corporate VP and GM of commercial and industrial printing business group, Ricoh. “This acquisition will enable ColorGATE to expand its industrial printing business and global presence as together we become better able to support our customers to accelerate their transition from analog to digital-based production.”