Ricoh Company, Ltd., a Tokyo, Japan-based provider of document management solutions, IT services, commercial and industrial printing, digital cameras, and industrial systems, is to acquire Hannover, Germany-based industrial printing software company ColorGATE Digital Output Solutions GmbH.
This acquisition is designed to strengthen Ricoh’s industrial printing business.
In February this year, the company announced its growth strategy plan, “RICOH Ignite,” to reinforce its value offering by expanding its printing technology portfolio. The investment in ColorGATE is the latest part of this plan.
Founded in 1997, ColorGATE is a software provider in the printing industry with a specific competence in color management. With its extensive customer base, the company provides color 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.
Thomas Kirschner, Co-founder of ColorGATE who will continue to serve as CEO
Ricoh operates in approximately 200 countries and regions. In the financial year ended March 2018, the company had worldwide sales of 2,063 billion yen (approx. 19.4 billion USD).