Xerox responds to Fujifilm damages claim

June 27, 2018

John Visentin, the new CEO of Xerox, has written a letter to Shigetaka Komori, chairman of Fujifilm, calling the lawsuit for $1 billion damages that Fujifilm has filed against Xerox “a desperate, misguided negotiating ploy to save a takeover that – as a result of the surreptitious actions of your team – to this day remains enjoined by order of the New York State Supreme Court.” Continue reading “Xerox responds to Fujifilm damages claim”

Konica Minolta buys Panasonic printhead business

June 15, 2018

Konica Minolta has acquired the facility and engineering assets from Panasonic Precision Devices of its industrial inkjet head business. Konica Minolta’s stated aim is to strengthen its own inkjet head business, including its R&D and production. Continue reading “Konica Minolta buys Panasonic printhead business”

ABN AMRO acquires MPS flexo

May 21, 2018

ABN AMRO Participaties, the independently managed private equity business of ABN AMRO, has acquired the Dutch firm MPS, best known for its range of narrow web flexo presses. The company had been owned by majority shareholder Braver Investments, Oost NL as well as Bert van den Brink and Eric Hoendervangers, who founded the company back in 1996. Continue reading “ABN AMRO acquires MPS flexo”

Kodak reports Q1 loss

May 11, 2018

Kodak has released its figures for the first quarter of 2018, showing revenues of $357 million, the same as for Q1 of 2017, but with a net loss of $25 million, according to Generally Accepted Accounting Principles, or GAAP. The cash balance of $313m was $31m short of the figure for the previous quarter. Continue reading “Kodak reports Q1 loss”