Termination of the Strategic Business Alliance Agreement with Oce
Tokyo (February 10, 2010) --Konica Minolta Holdings, Inc. (Konica Minolta) today announced that the company and Oce N.V. (Oce), headquartered in Venlo, the Netherlands (President and CEO: Rokus van Iperen), reached, through mutual consultation, an agreement to terminate the strategic business alliance agreement, entered into by and between both companies to cooperate in development and marketing for office and production printing systems.
Terms of Agreement
(1) Research & Development
Konica Minolta and Oce will terminate the joint development and commercialization activities of cut-sheet type monochrome and colour output systems for the production printing market undertaken by both companies under the joint development agreement.
(2) Sales strategy
For the time being, Konica Minolta will continue to supply its office printing systems to Oce on an OEM basis from its entire production line, and both Konica Minolta and Oce will continue to supply production printing systems to each other on an OEM basis, under the OEM sales agreement. Also, both companies will continue to supply consumables and parts and offer after-sales service for products already in the market.
The termination of the alliance will only have a very limited impact on Konica Minolta's business performance. Konica Minolta will remain committed to promoting the “genre-top strategy” to concentrate its management resources on the most promising business areas and markets ensuring global leadership, especially in the fields of colour printing systems and production printing systems. Konica Minolta will also continue its efforts to achieve group-wide growth and maximize its corporate value by developing more competitive and innovative products, enhancing customer services, and strengthening its marketing capabilities.