16 April 2014
Konica Minolta buys Pitney Bowes DIS segment
MISSISSAUGA, ON—Konica Minolta Business Solutions (Canada) has acquired Pitney Bowes Canada's Document Imaging Solutions (DIS) business, which offers hardware and DIS software.

The business generated approximately $82 million in revenue in 2013 according to info from Konica Minolta. As part of the deal, Konica Minolta will represent Pitney Bowes Canada's mailing business in Saskatchewan, New Brunswick, Nova Scotia, Newfoundland and Labrador, PEI, and other regions in the country.

Chris Dewart, president and chief executive officer of Konica Minolta's Business Solutions Canada arm, said in a statement that the purchase will increase Konica Minolta's market share. "It allows us to expand Konica Minolta's existing document imaging business to commercial and corporate accounts, and in key locations throughout Canada where we are working to grow our business," he said.

More than 300 people will be added to the company's direct sales and service network.

"Canada represents a core geographic market for Pitney Bowes and we remain fully committed to supporting our clients in Canada to effectively and efficiently grow their business," said Mark Shearer, executive vice president and president, Pitney Bowes SMB Mailing Solutions.
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