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 | | Venlo, The Netherlands, June 23, 2008 — Océ N.V., an international leader in digital document management and printing for professionals, today announced it has acquired the French company Intersoft. Intersoft is a distributor of printers, scanners and print media in the wide format graphic arts segment. Amongst other customers, Intersoft assists retail chains in the production of their promotional material. |
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Intersoft generates annualized sales of approximately EUR 21 million. The company was founded in 1998 and employs more than 60 people. Financial details of the transaction are not disclosed. Océ will consolidate Intersoft effective third quarter 2008.
The company counts numerous large French retail chains among its customers. Billboards, ceiling banners and other promotional material are made on Intersoft printers and print media.
Intersoft develops and sells specialized workflow software for these customers, thereby guaranteeing the uniformity of all promotional material. Océ will be offering this software to customers outside France as well.
The transaction is fully in line with the Océ strategy to accelerate growth in the wide format graphic arts market. This market is expected to grow at about 6% per year. The part of the wide format graphic arts market that current digital technology can tap is estimated at EUR 4 billion.
Océ offers numerous new printing systems in this market: the Océ Arizona 200/250 GT, the Océ ColorWave 600 launched in May 2008, and the Océ CS2224/CS2236 inkjet printer line. The existing Océ TCS300/500 products also have printing applications to handle retail promotional material.
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About Océ
Océ is one of the world's leading providers of document management and printing for professionals. The broad Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the Fortune Global 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 90 countries and employs some 24,000 people worldwide. Total revenues in 2007 amounted to EUR 3.1 billion. Océ is listed on Euronext in Amsterdam. For more information on Océ, visit www.oce.com.
For more information, please contact Océ N.V.:
Investor Relations:
Carlo Schaeken
Vice President Investor Relations
Telephone +31 77 359 22 40
E-mail: investor@oce.com
Press:
Jan Hol
Senior Vice President Communications
Telephone +31 77 359 2000
E-mail: jan.hol@oce.com |
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