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NEWS

(03/26/2013 / nho)

Océ becomes wholly owned Canon subsidiary, integration proceeds apace

Canon Inc. has announced that its consolidated subsidiary Océ N.V., which was delisted from NYSE Euronext Amsterdam in February 2012, became a wholly owned Canon subsidiary on March 8, 2013, following the conclusion of formal statutory buyout proceedings under Dutch law ("squeeze out procedure").

Since joining forces, Canon (Chairman and CEO: Fujio Mitarai; Headquarters: Tokyo, Japan) and Océ (President and CEO: Anton Schaaf; Headquarters: Venlo, the Netherlands) have jointly developed new products and worked to strengthen their marketing and service capabilities. Now that Océ has become a wholly owned subsidiary, both companies will work to maximize synergies with the aim of creating the overall No. 1 presence in the printing industry.