Canon South Africa is pleased to confirm that the process has now been completed, following the Competition Commission of South Africa’s approval of Canon South Africa to acquire Océ South Africa. The acquisition process was completed on 1 July 2015 when Océ SA was formally integrated into Canon SA.
“We are delighted that Canon SA’s acquisition of Océ SA has received the go-ahead. We can now start working on integrating our two businesses to build the most formidable, highly-competent and capable professional and production printing company in Africa,” says Gian de Vallier, Managing Director of Canon SA.
“Together Canon SA and Océ SA will be better positioned to offer more support, enhanced expertise and strategic investment into the Canon brand. For customers, OcéSA’s integration with Canon SA means they will have access to a wider range of qualified support services and greater choice. From now on, Canon SA will work more closely than ever before with customers. We believe that the expertise of Océ SA in sales and service coupled with Canon’s technology is a very strong proposition for customers throughout southern Africa,” continues de Vallier.
Canon SA first announced in April this year its intention to acquire Océ SA and bring together Canon’s technology and expertise with Océ SA’s market-leading services. A new value added business unit will be created to work directly with customers in the professional and production printing sectors. The unit will extend expertise and infrastructure to empower opportunities in new markets.
Canon SA will continue to invest in the business to become the market leader in southern Africa. This includes investing in the necessary resources to bring to the region innovations in hardware, software and professional services developed by Canon together with the expertise of Océ SA.
No retrenchments are planned as part of the acquisition as the intention is to integrate all of Océ SA’s employees into Canon SA.
de Vallier concludes: “Océ SA boasts a strong local presence and proven track-record which complement Canon’s products and services and will ensure that we can deliver the highest quality, technologically advanced and appropriately supported solutions. The approval of the acquisition is a very positive development for Canon South Africa.”
About Canon South Africa
Canon South Africa (Pty) Ltd, a wholly owned subsidiary of Canon Europe, came into being on January 4, 2000. Canon Europe invested in South Africa with a view to growing and expanding its market share in the country. Canon has maintained its ISO 14001 environmental accreditation since 2007.