Konica Minolta buys stake in MGI

Konica Minolta has bought a minority 10 percent stake in MGI Digital Graphic Technology. The deal has cost Konica Minolta €13.7m, which it says is part of a common long term vision to establish a stronger presence in the professional digital printing market.
MGI will remain an independent company but both will collaborate on future products and Konica Minolta will sell some of the MGI printers, including the Meteor digital press line.
This plays into Konica Minolta’s ‘genre-top’ strategy of concentrating on specific niches, something which MGI has proven very good at with printers developed for producing cards and calendars as well as document printers. But MGI should benefit from Konica Minolta’s larger sales and service infrastructure.

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