Ricoh is to acquire the German RIP developer ColorGate Digital Output Solutions GmbH with the transfer of shares scheduled to complete on November 30, 2018.
ColorGate, which was set up in 1997, is based in Hannover, Germany. The company has specialized in developing RIP software for wide format printers, branching out into packaging and more recently working in industrial printing, including décor and textiles.
Ricoh has bought the company because of its unique colour management technology, which can be used to print and decorate a wide variety of materials used for packaging, floor and wall coverings as well as textiles and signage.
Peter Williams, Corporate Vice President and General Manager of Ricoh’s Commercial and Industrial Printing Group, explains: “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. 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 analogue to digital based production.”
Ricoh has recently set up two initiatives in Europe, the Global IP Technology Center and the Global IP Marketing Center with the aim of driving marketing, strategic planning and development of business and products with Ricoh’s alliance partners worldwide. The company sees Europe as becoming the centre of incubation for industrial printing markets. Clearly Ricoh is betting that the acquisition of ColorGate will help it play a larger role in this.