Japan-U.S. Business Report
Japan-U.S. Business Report
Document management equipment marketer SAVIN CORP., which is owned by RICOH CO., LTD., acquired for roughly $15.6 million the nationwide copier and facsimile-related retail operations of Morris Plains, New Jersey-based MONROE SYSTEMS FOR BUSINESS, INC. Earlier, Stamford, Connecticut-based Savin bought GESTETNER CORP., a competitor that also has a retail network. As a result of these two deals, Savin will have direct sales operations in most major U.S. markets for its digital copiers, full-color digital imaging systems, analog copiers, fax machines, digital multifunctional systems, and parts and supplies.
An exchange rate of ¥135=$1.00 was used in this report.
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