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January 17, 2013

Canon USA Takes Over Oce Companies, Gives Birth to Canon Subsidiaries

A very strong presence in the global digital industry does not stop Canon (News - Alert) from craving for more. Recently we found the company going on a merging spree, engulfing several Océ businesses. A slew of new corporate entities are born in the process.

Canon Solutions America, Inc tops the list of new companies born out of the integration of Canon and Océ businesses. The new company is expected to fulfill the company’s ambition to create an overall leading presence in the imaging industry.  As a wholly owned subsidiary of Canon USA (News - Alert), it formally began its operation on January 1. 

Born as a result of the integration of business operations---Canon Business Solutions, Inc., Océ North America, Inc., and Océ Imagistics, Inc.--- Canon Solutions America will focus on delivering sales and support for Canon and Océ hardware, software and services. The new company will cater to the general office, production print and large format markets in the U.S.

Canon also announced the leadership team for this newly created company. Joe Adachi, president and CEO of Canon U.S.A., will serve as chairman and CEO of Canon Solutions America.

“I am very pleased that the integration of the Canon and Océ businesses is nearly complete. We have worked very hard these past three years to make sure our goal of creating the overall leading presence in the imaging industry will be realized. Canon Solutions America and the other companies formed by the integration will be better positioned to meet the growing demands of customers locally, regionally and nationally by capitalizing on the strengths of each company and maintaining the superior service levels that customers require,” Adachi said in a statement.

As part of the its integration efforts, Canon also rebranded Océ Business Services, Inc., a provider of digital document management technology, outsourcing and business process consulting services. The new entity, created to dedicatedly serve the office technology market, will now be operate under the brand name of  Canon Business Process Services. Canon Business Process Services will be based in New York and headed by Joe Marciano former CEO of Océ Business Services. 

In an effort to gain ability to support its customers’ leasing and financing needs, Canon also took over Océ Financial Services Inc. The merged company changes its name to Canon Financial Services, Inc. and operates under the leadership of Kris Tedo as its senior vice president and chief financial officer.

Canon also announced the merger of Océ Canada, which will operate as a subsidiary of Canon Canada from 1s January 2013.  Last but not least Océ Mexico will become a subsidiary of Canon Mexicana and Océ Brazil will become a subsidiary of Canon do Brasil.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Amanda Ciccatelli

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