|Investment is a show of Canon's commitment to customers and increased confidence in the future of the business services industry in the region|
SINGAPORE, Dec 31, 2015 - (ACN Newswire) - Canon Singapore today announced that it has on 31 December 2015 completed its acquisition of EFFICIENT E-SOLUTIONS BERHAD'S wholly-owned subsidiaries, EFFICIENT MAILCOM SDN BHD (which in turn holds 100% of Printegrate Sdn Bhd) and EFFICIENT SOFTECH SDN BHD.
The acquisition provides Canon Singapore with the ability to further strengthen its position in the business services industry and fuel its future growth in the region. The core business of transaction printing and related services of the acquired companies is highly complementary to Canon Singapore's existing suite of business products, solutions and services and will put it in even greater stead to achieve a leading presence in the industry with a combined enhanced offering to customers in Malaysia and the rest of South and Southeast Asia.
This investment speaks of Canon's ambitions in South and Southeast Asia. Mr. Kensaku Konishi, President and CEO, Canon Singapore: "We will continue to invest in this region to increase our capabilities and footprint in line with the tremendous growth we expect in the South and Southeast Asia region. We are pleased with this latest acquisition as it will strengthen our offering to customers."
EFFICIENT MAILCOM SDN BHD provides integrated outsourcing data and document processing services. EFFICIENT SOFTECH SDN BHD provides information technology services and development of propriety applications to optimise workflow and process management. And Printegrate Sdn Bhd carries out business relating to web-finishing products, forms printing and other related business documents.
The acquired companies will continue to operate independently. They will retain their management autonomy and operational agility while benefiting from Canon's investment, brand, leadership and product suite.
About Canon Singapore Pte. Ltd.
Canon is a global leader in photographic and digital imaging solutions. Canon Singapore Pte. Ltd. is the headquarters for South & Southeast Asia driving sales, marketing and service strategies. Besides handling the Singapore domestic market, the company manages sales in 18 other countries including subsidiaries in India, Malaysia, Thailand and Vietnam. The parent company Canon Inc has a global network of close to 300 companies and employs close to 200,000 people worldwide. It is dedicated to the advancement in technology and innovation and commits about 10% of its total revenue each year to R&D. Canon is consistently one of the top few companies to earn the most number of patents over the last 20 years. As a Fortune Global 500 company, Canon is guided by its kyosei philosophy that focuses on living and working together for the common good. More information is available at www.canon.com.sg.
Canon Singapore Pte. Ltd.
Tel: +65 6796 3688 (O)
Tel: +65 6796 3446 (O)
Tel: +65 6796 3694 (O)
Ogilvy Public Relations on behalf of Canon Singapore
Tel: +65 9794 8380
Chua Wei Wei
Tel: +65 9833 2654
Topic: Merger & Acquisition
Source: Canon Singapore Pte. Ltd.
Sectors: Cloud & Enterprise, Consumer Electronics, Print & Package, Daily News
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