Acquisition makes Océ a leading supplier of wide format printer solutions to Finnish market
 
September 20, 2006, Venlo, Netherlands - Océ N.V., a global leader in digital document management and solutions, today announced that its Finnish subsidiary will acquire all activities of X Engineering Systems
XES Oy with effect from October 2, 2006. The employees of X Engineering Systems XES Oy will be employed by Océ-Finland Oy. X Engineering Systems XES Oy is a privately owned company with 21 employees and annual revenues of approximately euro 5 million. The company is located in Espoo. Financial details of the transaction are not being disclosed.  
 
Océ-Finland to take over all activities of X Engineering Systems XES Oy from October 2, 2006
Océ and X Engineering Systems XES Oy customers will benefit in terms of new products and systems, media and supplies, services, support and know-how

 

‘Increased sales and distribution power is a cornerstone of Océ’s growth strategy. This acquisition fully supports that as we work to be a leading supplier of digital wide format colour printers to the international market for sign and poster production,’ said Jari-Pekka Koskenmies, General Manager of Océ-Finland Oy, on the announcement of the transaction by the two companies. ‘X Engineering Systems XES Oy has pioneered the market for wide format display graphics products in Finland. With this acquisition, the combination of the extensive experience and know-how of X Engineering Systems XES Oy and the broad product range and focused strategy of Océ creates a significant opportunity to present an even stronger proposition to an increasingly demanding market. Océ-Finland Oy will now become a leading supplier of wide format printer solutions in Finland.’
Océ has a strong reputation for its highly reliable systems and its high quality services,' added Teijo Tirronen, Managing Director and owner of X Engineering Systems XES Oy. 'It not only offers a complete range of printers and related products, but it also provides a very broad choice of digital colour printer supplies and printing media. Add to these the proven Océ strategy, and it's clear why my employees and I consider it an honour and a positive challenge to become a member of such a global company. The combined strength of our organisation will create further benefits for our customers in terms of products and systems, media and supplies, as well as services, support and know-how,' Mr. Tirronen concluded. He will take on the position of Business Group Manager Display Graphics and Supplies for Océ-Finland Oy.

 

For further information:
 
Investor Relations:
Pierre Vincent
Senior Vice President Investor Relations
Venlo, the Netherlands
Phone + 31 77 359 2240
Email: investor@oce.com
 
Press:
Jan Hol
Senior Vice President Corporate Communications
Venlo, the Netherlands
Phone +31 77 359 2000
Email: jan.hol@oce.com