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”

Xerox throws in the towel as Jacobson resigns

May 3, 2018

Darwin Deason, the Xerox shareholder who took the company to court to stop its sale to Fujifilm, appears to have won a significant victory over the company. Xerox has abandoned its plan to appeal last week’s legal decision and instead come to an agreement with Deason and his fellow investor Carl Icahn. Continue reading “Xerox throws in the towel as Jacobson resigns”