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Canon Business Solutions and Océ Integrated into New Subsidiary

Wednesday, December 05, 2012

Press release from the issuing company

Company also Announces Launch of Canon Business Process Services, and Integration of other Océ Entities into Canon Americas Companies, Effective January 1, 2013

LAKE SUCCESS, N.Y., – Canon U.S.A., Inc., a leader in digital imaging solutions, today announced the launch of Canon Solutions America, Inc., a wholly owned subsidiary of Canon U.S.A., effective January 1, 2013. Integrating the business operations of Canon Business Solutions, Inc., Océ North America, Inc., and Océ Imagistics, Inc., this new name is reflective of the integration of Océ, first announced in 2010. Canon Solutions America will provide sales and support for Canon and Océ hardware, software and services targeting general office, production print and large format markets in the United States.

Joe Adachi, president and CEO of Canon U.S.A., will serve as chairman and CEO of Canon Solutions America.

"I am very pleased that the integration of the Canon and Océ businesses is nearly complete," said Mr. Adachi. "We have worked very hard these past three years to make sure our goal of creating the overall leading presence in the imaging industry will be realized. Canon Solutions America and the other companies formed by the integration will be better positioned to meet the growing demands of customers locally, regionally and nationally by capitalizing on the strengths of each company and maintaining the superior service levels that customers require."

The headquarters for Canon Solutions America will be located on Long Island, N.Y., with offices located throughout the United States, including existing key Océ wide format printing systems and production printing systems locations in Chicago, Ill. and Boca Raton, Fla.

As part of the Company's overall integration efforts, Canon U.S.A. also announced that Océ Business Services, Inc., a provider of digital document management technology, outsourcing and business process consulting services, will change its name to Canon Business Process Services, Inc. on January 1, 2013. Canon Business Process Services, Inc., headquartered in New York, will be headed by Joe Marciano, currently the president and CEO of Océ Business Services. Canon Business Process Services' new name is a reflection of the changing nature of the office technology market and the increasing importance being placed on effective design and management of critical business processes and related workflow.

Additionally, Océ Financial Services, Inc. will merge into Canon Financial Services, Inc. on January 1, 2013, further expanding Canon's ability to support the leasing and financing needs of customers. Kris Tedo, senior vice president and chief financial officer of Canon U.S.A., will also serve as president of Canon Financial Services.

Also effective January 1, 2013, Océ Canada will become a subsidiary of Canon Canada, Océ Mexico will become a subsidiary of Canon Mexicana and Océ Brazil will become a subsidiary of Canon do Brasil.

 

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