KYOCERA MITA Acquires 100% of Issued Shares in TA Triumph-Adler AG
KYOCERA MITA Acquires 100% of Issued Shares in TA Triumph-Adler AG
Kyocera Mita Corporation (President: Katsumi Komaguchi; herein "Kyocera Mita") announced that the company has acquired all issued shares of TA Triumph-Adler AG (Representative: Takashi Kuki; herein "TA AG") on October 13, 2010 (German local time). Through this acquisition, TA AG has now become a wholly-owned subsidiary of Kyocera Mita.
Kyocera Mita had previously gained more than 95% of all TA AG shares through the voluntary public takeover offer which was completed in February 2009 and following share acquisitions. Subsequently, Kyocera Mita started the procedure for transfer of the remaining shares from minority shareholders. This procedure was successfully completed on October 13, 2010 (German local time).
Kyocera Mita will continue to strengthen its relationship with TA AG and accelerate its management through this acquisition. TA AG will aim to expand business further by utilizing its strength of having more than 450 experts at 50 direct sales locations throughout Germany and other neighboring countries - who will assist in efforts to help businesses to reduce document costs and improve efficiency of office operation.
Outline of TA AG
| Company name: | TA Triumph-Adler AG |
| Representative: | Takashi Kuki (CEO) |
| Headquarters: | Nuremberg, Bavaria, Germany |
| Founded: | 1896 |
| Business focus: | Sales and services of information equipment such as printers, MFPs and managed document services |
| Employees: | 1,263 (as of September 2010) |
| Capital: | EUR 80.3 million |
| Sales: | EUR 287.5 million (for calendar year 2009) |
About Kyocera Mita
Kyocera Mita manufactures and markets black & white and color MFPs, network-ready multifunctional devices and laser printers as well as a range of wide-format imaging products. It also offers a portfolio of software and network solutions.
Kyocera Mita's ECOSYS technology provides customers with print solutions that incorporate long-life components, which reduce the need to replace the drum and other image forming parts. This technology delivers a number of benefits, including improved reliability, reduced environmental impact and the lowest TCO in the printer industry. Kyocera Mita assists businesses of all sizes to maximize value and improve their document management processes.
Kyocera Mita is a wholly owned subsidiary of the Kyocera Corporation, the world's leading developer and manufacturer of advanced fine ceramics and associated products, including solar power generating systems, telecommunications equipment, semiconductor packages and electronic components.
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