(This document was translated from the Japanese press release.)
October 8, 2003
Osaka, Japan - Kyocera Mita Corporation (President: Koji Seki), a group company of Kyocera Corporation (President: Yasuo Nishiguchi), and one of the world's largest manufacturers of office information equipment, including network-ready digital copiers and printers, has agreed a strategic alliance with TA Triumph-Adler AG, a leading office information equipment distributor in Germany and other European countries (HQ: Nuremberg; CEO: Dr Dietmar Scheiter; hereafter "TA"). The objective of this alliance is to drive the business expansion of both companies and is underpinned by the acquisition of 25% of TA's equity capital by Kyocera Mita, which now becomes TA's largest shareholder.
The Kyocera Group pursues the "synergistic diversification" of its business activities, which are focused in 3 key areas: Information and Communications, Environmental Preservation and Quality of Life. Kyocera Mita has been driving the Kyocera Group's development in the document solutions industry. In 2000, the Kyocera Group's printer business and Kyocera Mita's copier business were merged to become a fully converged document management business with a common product platform. This has helped fuel its global expansion. Kyocera Mita's long-life and environment friendly technology concept, which exists throughout its product range, has achieved high acclaim in Germany, where Kyocera Mita enjoys the No.2 market position in laser printer sales.
Kyocera Mita currently distributes its own-branded products in Germany, as well as being an OEM supplier to TA. Through the alliance, Kyocera Mita will increase its support to TA as it drives its business expansion within Germany and Europe. It will also benefit from access to TA's network of 80 direct sales and service branches, and the market knowledge and customer relations of TA's team of 500 system consultants. This enhanced sales and service coverage will help to strengthen Kyocera Mita's market position within Germany and Europe as it develops its products and solutions in line with the accelerating growth of digital networks.
About TA Triumph-Adler AG:
Founded in 1896, TA Triumph-Adler AG is a leading office information equipment provider in Europe, headquartered in Nuremberg, Germany, and listed on Frankfurt Stock Exchange. TA offers several proprietary brands (mainly TA brand for Germany and UTAX for other European market). As of December 2002 TA's output solutions business had revenue of Euro 408 million and EBITA of Euro 18.6 million.
|Company||TA Triumph-Adler AG|
|CEO||Dr. Dietmar Scheiter|
|Business Focus||Sales and servicing of information equipment (copiers, fax machines, printers) and multimedia presentation equipment (projectors)|
|Group Structure||75 subsidiaries mainly in Europe|