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Oce Acquires UK Print Management Firm, Practical Print Solutions

Press release from the issuing company

  Venlo, The Netherlands, November 21, 2001 — Oce has reached agreement with the owners of Practical Print Solutions Ltd., based in Reigate, Surrey, United Kingdom, on the acquisition by Oce (UK) Limited of the shares in Practical Print Solutions. Practical Print Solutions (PPS) is active in the United Kingdom in the area of print procurement (mediation) and print management; offering solutions for outsourcing the production, archiving and retrieval of databases and the distribution of printwork bought in at competitive prices from various suppliers on behalf of customers of PPS. Practical Print Solutions has developed unique software management systems to support these activities. The skills of Practical Print Solutions are an excellent fit with Oce´s high added-value outsourcing activities. Revenues of Practical Print Solutions for the 2001 financial year that ended on March 31, 2001 amounted to GBP 15 million. The company has about 60 employees. The parties have agreed not to disclose the purchase price.