Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announced today the completion of the transaction for the divestment of its Graphics activities in the Nordic countries to the print company, Ricoh.
As part of its ‘Back to Growth’ strategy, Quadient remains fully committed to accelerate the growth of its strategic software and parcel locker solutions, driven respectively by the acceleration of business processes digitalization and the growth of e-commerce. As a result, Quadient has been reshaping its portfolio by divesting non-core activities within its Additional Operations. Quadient’s Graphics business in the Nordic countries mainly consists in the distribution of printing and print finishing business solutions in Sweden, Norway, Denmark and Finland. The team accounts for 23 employees across the region, who will be integrating Ricoh’s teams in their respective countries.
The operation will also contribute to reduce further the contribution of Additional Operations and allow Quadient to focus fully on its major geographies and strategic solutions.
Geoffrey Godet, Chief Executive Officer of Quadient, commented: “Through the sale of our Graphics activity in the Nordics, we have almost completed the reshaping of our company into a streamlined business, focusing exclusively on our Mail-Related, Parcel Locker and Intelligent Communication Automation solutions. As in our previous divestments, we are committed to conducting our activities in a responsible manner, and I am pleased that we found in Ricoh the best possible home to support our customers and teams in this new phase of their journey.”
Eef de Ridder, Vice President, Graphic Communications Group, Ricoh Europe, says: “This is an exciting acquisition for Ricoh. We are seeing an increased demand for high quality, reliable finishing capabilities as customers realize the many applications of wide format as well as inkjet and toner printing on a commercial scale. At the same time, many customers are also looking for end to end integrated solutions. With decades of experience in this area, Ricoh is perfectly placed to support print innovators who are more ambitious than ever to pursue new applications and revenue streams.”