Konica Minolta and MGI Digital Graphic Technology enter into a Strategic Alliance

MGI Digital Graphic Technology (MGI) and Konica Minolta, Inc. announced that they have reached an agreement whereby Konica Minolta, Inc. will acquire a 10 percent stake in MGI, valued at €13.7m, through a reserved capital increase. This investment will be dedicated to drive future growth, and is part of a common long-term vision to establish a stronger presence in the professional digital printing market. Building on a strong relationship that has lasted over a decade, the two business partners have agreed to expand their collaboration by entering into a strategic alliance that leverages both co-development and the co-marketing of existing and future products. As part of this alliance, MGI will maintain its independence and will remain autonomous in defining its strategic axes in the midst of a rapidly evolving industry landscape.