Ricoh recently reached an agreement to buy ColorGATE Digital Output Solutions. The transfer of shares is scheduled for completion on November 30.
ColorGATE has unique colour management technology to support printing and decorating a wide variety of materials used for packaging, floor and wall coverings as well as textiles and signage. It is a leading provider of performance-optimised colour management and workflow software to standardise and automate growing digital print markets including décor and textiles.
In February this year, Ricoh announced its growth strategy plan, ‘Ricoh Ignite,’ which sets out its intention to reinforce its value offering by expanding its printing technology portfolio. The investment in ColorGATE is the latest part of this plan.
To enhance its industrial printing business, Ricoh recently established a ‘Global IP Technology Centre’ and a ‘Global IP Marketing Centre’. Significantly, both are located in Europe, which is increasingly the centre of incubation for industrial printing markets. This allows access to cutting-edge technology and enables increased responsiveness to market needs. The centres aim to drive marketing, strategic planning and development of business and products with Ricoh’s alliance partners worldwide.
Peter Williams, corporate vice president and general manager of commercial and industrial printing business group Ricoh said, ‘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.’
Thomas Kirschner, co-founder of ColorGATE, who will continue to serve as CEO commented, ‘We are delighted to have been selected by Ricoh to contribute to this strong future growth strategy whilst we continue to serve our established customer base, OEM partners and reseller channel.’