In a significant development for the technology and printing industry, Ricoh Company Ltd. and Toshiba Tec Corporation have officially concluded an agreement for business integration.
This strategic move involves the development and manufacturing of multifunction printers (MFPs) through an absorption-type company split, transferring the relevant business to a jointly established venture.
Adjustments to the initial terms and a refined outlook for the integration were disclosed, indicating a commitment to enhance their market position and innovate within the sector.
This integration is set to streamline operations and foster growth, with minimal impact anticipated on the consolidated financial results for the fiscal year ending March 2024.
